Hitesh has been trading for many years, preparing accounts to 31 January each year. His last full
Question:
Hitesh has been trading for many years, preparing accounts to 31 January each year. His last full year of tradin g is the year to 31 January 2017. Identify the basis periods for the last three tax years in each of the following cases:
Date of cessation Final set of accounts
(a) 31 May 2017 4 months to 31 May 2017
(b) 31 March 2018 14 months to 31 March 2018
(c) 30 April 2018 15 months to 30 April 2018
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The basis period for a tax year is usually the 12 months of the accounting period for the tax year I...View the full answer
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