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Company Profit According to Tax Year

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Tax Tutor.

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April 28, 2021 at 8:29 pm #619111
rona123
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Hello!
We find Tax Adjusted Trading Profit for Individuals and Company by doing some adjustments and afterwards for Individuals we do Basis of Assessment and then our Trading Profit lies According to Tax Year i.e 6 April 2020 to 5 April 2021. But how we bring Company Tax Adjusted Trading Profit in line with Company’s Tax Year i.e. 1 April 2020 to 31 March 2021, as company has different Period of Account how we make it according to company TY.
THANKS!!!!
April 29, 2021 at 1:51 pm #619189
Tax Tutor
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What you must do as with every subject within our syllabus is to watch the relevant lectures and work through the accompanying study notes – see Chapter 16 for the introduction to corporation tax
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