BIM81055 - Computation of liability: basis periods - year after ineffective change of accounting date
S219 Income Tax (Trading and Other Income) Act 2005
Where there was a change of accounting date in the previous tax year, but the three conditions in BIM81045 were not met for the previous year, a change of accounting date is treated as taking place in the next year if accounts are prepared to the new accounting date in that year.
»Ê¹ÚÌåÓýapp three conditions in BIM81045 must be satisfied for the next year if the basis period for that year is to end with the new accounting date.
Examples 5 and 6 at BIM81060 illustrate this.