A trader commences to trade on 1st January 2017 & is considering preparing his first accounts to 30th April 2018 & annually thereafter.
His estimated TATP after capital allowances are:
£2000 per month for the first 12 months.
£3000 per month for the second 12 months.
£4000 thereafter per month.
What would be the Total of All Overlap Profits for the Period ended 30th April 2018? Calculate Overlap Profits for period (if any).