Change to ‘tax year’ basis
Change to ‘tax year’ basis
October 13, 2021Change to ‘tax year’ basis The Government is proposing to change the basis on which trading profits are subject to income tax for unincorporated businesses and members of limited liability partnerships (LLPs) from the “current year basis” to the “tax year basis”. If the proposal goes ahead from 6 April 2024 (and there is much
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