Service charges that overlap tax year.

My service charges start and end each August. I've been paying them monthly but would prefer to pay in full at the point of the new costs. Is there a way of doing this to avoid paying too much tax in one year. Thanks

Hi Mayfly,
Since 2017-18 the cash basis is now the default for reporting profits or losses of a property business for most individuals with cash receipts for the tax year of £150,000 or less.
The profit or loss to be reported under the cash basis is found by calculating: The total amount of receipts that the business received during the tax year, less the total amount of expenses that the business paid during the tax year. The expense for any services charges would therefore need to be claimed in the tax year they were paid.
Thank you.