Carmen starts trading on 1 July 2019 and chooses 30 June as her annual accounting date. Identify
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Carmen starts trading on 1 July 2019 and chooses 30 June as her annual accounting date.
Identify the basis periods for her last two tax years if she ceases trading as follows:
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(a) Date of cessation 31 March 2020 (b) 30 June 2020 (c) 30 June 2024 (d) 31 May 2024 (e) 30 April 2024 Final set of accounts 9 months to 31 March 2020 year to 30 June 2020 year to 30 June 2024 11 months to 31 May 2024 22 months to 30 April 2024
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a Trade both commences and ceases in 201920 The basis period for this ...View the full answer
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