How to shorten your company period of account

Hi all,

When a company has been incorporated am I correct in saying that you shorten it's accounting period simply issuing a form AA01 to companies house as per the below link:

http://www.companieshouse.gov.uk/forms/generalForms/AA01_change_of_accounting_reference_date.pdf

For corporation tax purposes the only issue would be if you were trying to increase the period of account, but since I am not I simply state the period ending on the CT600 and HMRC will update its records to show the new accounting period as per this link:

http://www.hmrc.gov.uk/ct/ct-online/file-return/online.htm#6

Is this right or have I drastically missed something out here??

Thank you in advanced.

Comments
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So long as you time apportion

accountant_87 |

Just the caveat

John McLane |
John McLane's picture

6 months long?

taxhound |
taxhound's picture

That was a common misconception ...

Old Greying Accountant |
Old Greying Accountant's picture

1st period can be shorter than 6 months

AS |

Interesting

Old Greying Accountant |
Old Greying Accountant's picture