How to shorten your company period of account

Posted by geek_fromupnorth PM | on Sun, 16/10/2011 - 16:33 2340 6 comments | report

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.