Related Commentary  Related HMRC Manuals

210(1)  This section applies if there is no accounting date in a tax year (“the relevant tax year”).

210(2)  If the trader–

(a)starts to carry on the trade in the relevant tax year, and

(b)does so before 1st April,

the basis period ends on the date in the relevant tax year that corresponds to the first accounting date.

210(3)  If the trader started to carry on the trade in the previous tax year and there was no accounting date in the previous tax year, the basis period for the relevant tax year–

(a)begins immediately after the end of the basis period for the previous tax year, and

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