Overview

Special rules may operate where the business accounts are drawn up to 31 March (ITTOIA 2005, s. 208). These rules:

apply automatically, unless the trader elects for them not to apply;

similarly apply mutatis mutandis to accounts drawn up to 1, 2, 3 or 4 April (though such a choice of accounting date is much less common in practice): see ¶230-275.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.