Do you have to file two full accounts to HMRC if accounting year is 15 months ?
I am about to file accounts for a 15 month period to Companies House. Do I then have to break this up and file two separate sets of accounts to HMRC or can the tax computations just be apportioned?
HMRC advise - "Where the period of account does exceed 12 months, it must be split into more than one AP, with a separate set of tax computations and form CT600 for each.
The accounts should be attached for the first AP they cover, then none attached for the other APs covered.
The trading profits need to be apportioned between the APs. This may be done by time-apportionment, which is the most common method. However, a different method should be used if better information is reasonably available. Chargeable gains fall into the AP in which they arise instead of being time-apportioned."
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