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changing my accounting period

Posted Mon, 23 Oct 2023 10:33:07 GMT by
Hi Last year my accounting period was from September 2021 till august 2022 - this year I want my account period to be in line with the basis period - should I or can I submit tax return from 1st of September 2022 to 05 April 2023 ? is this right ? Thanks
HMRC Admin 25
Posted Thu, 26 Oct 2023 13:55:13 GMT by HMRC Admin 25
Hi jesue nwaha,
Due to the basis period reform, no.
Please refer to:
How HMRC assesses profits for some sole traders and partnerships to change
Thank you. 

 

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