[Guillermo]

Hello guys,

the second period of account ending in tax year 2 was exaclty 12 months so the basis is the 12 months to the end of that period of account

something like this:

Example 2 – where accounting date in Year 2 is 12 months or more after commencement
A new trade commences on 6 July 2007. Accounts are prepared for a 15 month period to 5 September 2008, and to 5 September in each year after that.

The basis periods are:

2007-2008 Year 1 6 July 2007 to 5 April 2008
2008-2009 Year 2 6 September 2007 to 5 September 2008
2009-2010 Year 3 6 September 2008 to 5 September 2009

[Author]

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