Business tax overlap

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
can anyone help me with this?<BR>i'm not sure i understand it, is the overlap from the tax year end or the year end of the company???

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Business tax overlap

    Do you mean the basis periods?<BR><BR>If so, it's not quite as simple as that. If that is what you mean, post back and I'll try and help.<BR><BR>annette
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Business tax overlap

    if you look at the question in the june 05 exam they use the tax year end but in the books ftc they use the year end in some of the answer, even if you could explain the basis it might help - Thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Business tax overlap

    if you just explain the basis it may make it a bit clearer - thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Business tax overlap

    Does it relate to the first year of trading? If so then there is a little diagram in the text books that tells you which year end to use.<BR><BR>For year 1 take commencement of trading to the next April 5th.<BR>For year 2 there are several rules depending on when the accounts are made up to.<BR><BR>Is this the information you require? If so I can try and find the diagram and copy it for you. It doesn't make sense but you have to rote learn it - it's quite likely to come up in the exam.<BR><BR>Annette
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Business tax overlap

    if you can find the diagram this would be a great help. thanks <BR>Sue.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Business tax overlap

    You will need to email me so I can have your address (email address).<BR><BR>My address is in my profile. <BR><BR>If you are using a text book, your text book is guaranteed to have this diagram or table in it.<BR><BR>Annette

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