Basis Period Reforms – Do you have sufficient funds?
Menzies
OCTOBER 4, 2022
Menzies LLP - A leading chartered accountancy firm. The basis period reform will not affect businesses with accounting year ends to 5 April or 31 March. HMRC are not yet sure what the following year adjustment will look like, but it is most likely that there will be an additional entry on the tax return.
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