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Where Taxpayers and Advisers Meet

When does accounting period start for company

simplytax
Posts:86
Joined:Wed Aug 06, 2008 3:34 pm
When does accounting period start for company

Postby simplytax » Wed Mar 18, 2009 7:27 pm

If a company is formed and a bank account opened on 1March but no money deposited until 1 June with some bank interest in July and trading commencing on 20 August what are the accounting periods for CT600s ?

Does first AP start when acquire source of potential interest income being date of deposit in bank on 1 June rather than date bank account opened on 1 March with no money deposited then ? So AP 1 March to 19 August and new AP from 20 August when trade commences ?

simplytax
Posts:86
Joined:Wed Aug 06, 2008 3:34 pm

Re: When does accounting period start for company

Postby simplytax » Wed Mar 18, 2009 7:30 pm

First AP should be 1 June to 19 August ?


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