ACCA Taxation (TX-UK) Trading Profit Basis Periods part 2
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im very confused with the last example, the 3rd year. why are we still using profit year end of 2018 – 48000 for the 3rd year of tax
because the trading period ends in the third year
Hey sir,
Why didn’t we end the period at 30/4 … And if we always have to end it on 31/3 , then why I we ended it on 30/4 in the last time ??
Thanks
I would advise my client to prepare his/her accounts to 31st of March to get red of overlap profits.
Thank you for this wonderful lecture sir!