Hitesh has been trading for many years, preparing accounts to 31 January each year. His last full
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Hitesh has been trading for many years, preparing accounts to 31 January each year. His last full year of trading is the year to 31 January 2021. Identify the basis periods for the last three tax years in each of the following cases:
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cessation Date of (a) 31 May 2021 (b) 31 March 2022 (c) 30 April 2022 Final set of accounts 4 months to 31 May 2021 14 months to 31 March 2022 15 months to 30 April 2022
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The basis period for tax purposes determines the income that will be taxed in a given tax year for a business In the UK a tax year runs from 6th April ...View the full answer
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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