Apart from all the extra work....in this statement, see below, and on the HMRC website it states 1 April 2020 to 5 April 2020 or have I missed something...confused, must be the weather!
Step 1: 2020/21 turnover
Forget basis periods and accounting periods, what HMRC wants here is the turnover that fits almost exactly into the tax year 2020/21. This is the gross sales received in a 12-month period that started from 1 April 2020 to 5 April 2020 - essentially the sales recorded in that year.
My answers
Apart from all the extra work....in this statement, see below, and on the HMRC website it states 1 April 2020 to 5 April 2020 or have I missed something...confused, must be the weather!
Step 1: 2020/21 turnover
Forget basis periods and accounting periods, what HMRC wants here is the turnover that fits almost exactly into the tax year 2020/21. This is the gross sales received in a 12-month period that started from 1 April 2020 to 5 April 2020 - essentially the sales recorded in that year.
Self employed
The next question is sole trader v Limited