Can a newly incorporated business bring in a sole traders income/expenditure?

Hi,

If a sole trade operates from 5th April 2009 and incorporates the business on the 1st April 2010, instead of making a personal tax return for the sole trade business for the FY to April 10, can the company include the previous years income and expenditure in its April 10- March 11 accounts if this was meant to be within the confinds of the company but it was late in being incorporated?

 

 

Thanks,

steve

Comments
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No

andypartridge |

I thought

maxmadx |

Still no

andypartridge |

ok

maxmadx |

ok then, thanks for your detailed and helpful response Andy- wor

maxmadx |

A company

RebeccaBenneyworth |
RebeccaBenneyworth's picture

ok thanks, understand now.

maxmadx |

Baldrick

vince8 |

Wonders never cease ....

dbowleracca |
dbowleracca's picture

not yet!

maxmadx |

ok

maxmadx |