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Hi, I wonder if anyone can confirm how to deal with a change of accounting period on the self-assessment tax return? My client is a sole trader (music teacher) and has had his accounting period in line with the academic year. He now wishes to change it to be in line with the tax year.
Last year's tax return included his accounts from Sep 08 to Aug 09. If we change it, do I include Sep 09 to Aug 10, and also the additional 7 months from Sep 10 to Mar 11? Also, does this mean he may be in for a larger tax bill?
I found the explanation on the HMRC website a little confusing, so if anyone can help, I'd really appreciate it.
Many thanks,
Alison
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