I have a friend who has always made up accounts to 30 June each year for many many years. They ceased trading through ill health on 30 June 2014, so their last accounts are the usual 12 month period. What periods need to be assessed and in which tax years to complete the tax for the last period of trading. They have tried putting the 12 month accounts into the self assessment on line and declaring cessation of tradin but all sorts of errors come up. Any help much appreciated.
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Many, many years
With a 30 June year end, there is likely to be a figure that will affect the tax assessable in the year of cessation. This figure should have been brought forward and carried forward on all of the many, many years of tax returns that have been prepared. If it hasn't then I hope they (or their accountant) have copies of the returns filed from the beginning to find that figure out.