Hello!
I'm trying to battle through my first ever self assessment tax return. It's for a partnership, so initially I need to compete the business return, then figure out my own (I think!)
My question is about the 'business accounting start date' - I've put it as 1st Nov 2017 (that's when the business first stated officially trading) - so my accounting year now runs from 1st Nov 2017 - 31st October 2018.
When filling in the form do I need to put turnover etc from 1st Nov 2017 - 31st March 2018 (I.e. from when we started trading until the end of that financial year) or from 1st Nov - 31st Oct 2018?
I assumed the latter but then wondered what happens if say your accounting start date was say 1st Jan 2018 - 1st Jan 2019 - as you wouldn't know your income for those last few months yet!
Sorry if I've overcomplicated that question!
Any help would be HUGELY appreciated!!
Thanks!
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Tax help! Self assessment for partnership
3 replies
yikes89 · 13/11/2018 08:54
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