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31 May Year End

KerryS7
Posted Fri, 09 Aug 2024 10:01:46 GMT by KerryS7
2024 tax return - I have included 31 May 2023 figures, then the transition figures - 1/5 taxed, 4/5 deferred. Thinking ahead - what will go on the 2025 tax return? The May 2024 figures - then what adjustments?
HMRC Admin 5 Response
Posted Tue, 20 Aug 2024 14:20:18 GMT by HMRC Admin 5 Response
Hi

For 24/25 your accounts will then be the same as the tax year as the adjustments are on the 23/24 return.
Please see guidance at  Changes to reporting income from self employment and partnerships

Thank you

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