Tax Period

spurschic1@yahoo.com

Hi all,

I have 2 tax returns for a year then another for a week to take it up to the end of the month (19/3/09-18/3/10 and 19/3/10-31/3/10).

I have completed accounts for the period ending 31/3/10.

How do I complete the Tax Return for these 2 different periods? Do I need to re do the accoumnts for both periods?

Thanks

Monsoon

personal self assessment? corporation tax?

aicbaicb

1 set of accounts needed

Presumably you mean CT. If so, only 1 set of accounts is needed, but 2 tax computations, as a tax return cannot cover more than 1 year, whilst accounts can

spurschic1@yahoo.com

That's great, thanks for your help guys!

The tax computation is simple, no allowances/adjustments. Would I work out the profit for 19/3/09-18/3/10 and then profit for 19/3-30/3/10?

Thanks

Anne Boleyn

CT

Hi

On my tax computation I work out the adjusted profit figure for the total accounting period and then apportion the amount between the two CT600s.

For example; for your dates 365/377 x adj profit goes on the first Ct600 then 12/377 x adj profit on the second.

Hope this helps.

spurschic1@yahoo.com

Thanks Anne, that is fantastic! :-)