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HMRC average profits calculation

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Hairdresser commenced September 2017 and accounts made up to 5th April 2018 and year to 5th April 2019. Hmrc have have taken the profits for the 2 periods, divided by 2 and given the grant of 80%. should they not have calculated based on 19 months divided by 2 times 80%?

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By Wanderer
27th May 2020 10:46


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By ann domonkos
27th May 2020 12:00

No, far to difficult for them to pick up the start dates so they just class it as 24 months profit and divide by 2, i have a worse one the average should be over 14 months....

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