Overlap profits
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kcleigh88
Registered Posts: 2 New contributor 🐸
Hopefully someone can help me on this...
I have a client with an accounting year of 11/12/12- 12/12/13. He only traded for one year so he ceased trading 12/12/13. No profits have been entered on the 2012/13 return. Do i included all profits on on the 2013/14 return? Do I need to send amended return for 2012/13 and split the profits for the two years the accounts cover. Any help would be gratefully received.
I have a client with an accounting year of 11/12/12- 12/12/13. He only traded for one year so he ceased trading 12/12/13. No profits have been entered on the 2012/13 return. Do i included all profits on on the 2013/14 return? Do I need to send amended return for 2012/13 and split the profits for the two years the accounts cover. Any help would be gratefully received.
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