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Long Periods of Account – Chapter 17

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

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February 4, 2024 at 1:04 am #699695
ilham9089
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Hi, in example 1 when we’re calculating the FYA for the 3 months to 30 June 2023, you mentioned prorating the FYA by 3/12 but you didn’t so and even in the answer it wasn’t prorated so can you please explain why?
February 4, 2024 at 1:58 pm #699722
JillyB
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FYA – is a one off allowance and is not pro-rated – see Ch5
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