Tax Return clarification ..

[Rosy Days]

Hi, just need some clarification please:-

On the last tax return I submitted (2010-2011), I did my accounts up until Friday 1st April 2011 (I stated this on my return ie when it asks you the date your accounts run to).

I then started my new accounts (2011-2012) from the Monday 4th April 2011 up until Friday 30th March 2012.

I'm just about to complete my tax return for 2011-2012 and wondered whether it is okay to do it like this or do you have to do it from the 6th April to 5th April exactly even if the dates land in the middle of the week?

Thanks :)

[christine e]

I'm sure it is ok to do them as you have done - I too have done them that way

Cx

[Chatterbox Childcare]

I do mine from 1st Arpil to 31st March - even if the 31st March falls on a weekend put this in as an end date

[Rosy Days]

Great, thank you for the replies :) xx

[MrAnchovy]

Put the start date as 2nd April not 3rd, you can't leave a gap even if nothing happened because it was the weekend!

HMRC treat 31st March and 1st, 2nd, 3rd and 4th April as exactly the same as 5th April (for self employed income; note that Annual Investment Allowance and other capital allowances are strictly 6th April-5th April).

Note that 30th March is NOT one of these dates but as it was a Friday in 2012 I suspect there will be many people who have done the same. In theory they should treat this as a change of accounting date which requires all sorts of extra calculations, but in practice I am not sure what they will do: I haven't yet seen anything from HMRC about this or tested it myself.