Hi, need some consultation on basis periods. Here is the example: commencement of business 01.08.2008 & preparation of accounts on 30.06: Am I right (especially regarding TY3): Tax year No 1: 01.08.2008 – 05.04.2009 Tax year No 2: 01.08.2008 – 30.06.2009 Tax year No 3: 30.06.2008 – 30.06.2009 Can you please give me example than the second year is exceeding 12m. Thanks a lot.