Greta commences trading on 1 January 2016 and chooses 30 June as her annual accounting date. Her

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Greta commences trading on 1 January 2016 and chooses 30 June as her annual accounting date. Her first accounts are made up for the 18 months to 30 June 2017 and show an adjusted trading profit of £27,300. Compute Greta's trading income for the first three tax years and calculate the amount of any overlap profits.

Posted Date: Nov 23, 2021 09:01 AM

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Greta commences trading on 1 January 2016 and chooses 30 June as her annual accounting date. Her

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Tax Year 1 1 January 2016 to 31 December 2016 Trading income 13650 18 mo... View the full answer

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