accounting period

[Tarlika Elisabeth Schmitz]

On Thu, 19 Aug 2010 12:29:17 +0100
John Dablin <jdablin at ntlworld.com> wrote:

>On 19/08/10 11:48, Tarlika Elisabeth Schmitz wrote:
>>>> The UK tax year starts on 6th April.
>>>>
>>>> In Preferences->Accounting Period I can either enter a generic date
>>>> (e.g. start of year) or a specific date, which I have to amend
>>>> at the beginning of every tax year.
>>>>
>>>> Is this the way to set my accounting period from 6th April to 5th
>>>> April?
>
>As a sole trader in the UK with quite a small turnover I've made my 
>accounting period end on 31st March and pretend that the tax year ends 
>then too. I doubt if the taxman will quibble as long as I'm consistent 
>from year to year, but I'll admit it's never been put to the test.
>
>John Dablin

Whoever came up with 6th April?

As an individual, I receive interest payments in this 5-day period,
the deductions at source for which I can hardly claim back the
following tax year!

-- 

Best Regards,
Tarlika Elisabeth Schmitz