New company incorporated, say, today 11th May. Companies houser will determine the financial year end to be 31st May 2022 and annually thereafter.
HMRC on the other hand assume a twelve month period from incorporation to 10th May 2022 followed by a short period from 11th until 31st May 2022.
I note that the new gov.uk incorporation service now allows you to provide a future date for commencement and I had hoped that if you entered eg. the first date of following month HMRC would then assume 12 monthly periods from that date. Alas no. I incorporated a company using this service on 5th March 2021 and another on 15th, both with trading start dates of 1st April. For both companies, the first accounting period runs as expected to 31st March 2022 but then followed by a short period ending 30th April 2022 then annually to 30th April thereafter.
Anyone have any idea what I am doing wrong? Pre-Covid I would get on the phone and get the accounting period fixed for each new incorporation, but with Covid the waiting times are insane. I am hoping there may be a better way!