Why would Ltd change year-end?

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A company had a year-end of 31st March 2018 and filing deadline was 31st December. Just before Christmas they changed their year-end to 30th March 2018 and this triggered a change to their filing deadline - now it's 21st March 2019. Have they done this to avoid paying CT until later? I can't understand why they would do this - especially so close to their filing deadling. 

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By Fairymonster
04th Jan 2019 10:44

It seems strange for a small company to do that (in my example). The record-keeping is relatively straightforward. It's for a provider of care in the home - so the debtors are either the clients or the local authority. Their invoices have to be raised and processed promptly and the main cost to the business is the wages of the 10 employees.

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By Wanderer
04th Jan 2019 10:49

Can't disagree with your logic but your sentiments are displaying naivety about how some business people operate.

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By Fairymonster
04th Jan 2019 10:53

It seems so! Although I'm surprised it's taken 30 years for this to find me (management accountant, not in practice). Lots of messy accounts and boxes full of tatty receipts stuck together with goodness knows what, but they all filed without extensions.

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