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BIM34025 | Change of basis of computing taxable profits: from invalid to valid basis: contents

From HM Revenue & Customs · Business Income Manual

Where a business has been using an invalid basis of computing profits and changes to a valid basis the profits for any affected periods of account must be computed on the new valid basis. This is covered in the following two pages:

Contents2 entries

  1. BIM34030Change of basis of computing taxable profits: invalid to valid basis - computational adjustment
  2. BIM34035Change of basis of computing taxable profits: invalid to valid basis: approach to earlier years