BIM81360 | List of examples in this guidance

From HM Revenue & Customs · Business Income Manual

Example Number	Description
1	Tax year basis – apportioning profits to calculate taxable profits arising in tax year. See BIM81201.
2	Tax year basis – apportioning profits and losses to calculate taxable profit/loss arising in tax year. See BIM81201.
3	Late accounting date rules – calculating profits where accounting date falls between 31 March and 4 April. See BIM81210.
4	Late accounting date rules – calculating profits of trade commencing between 1 and 5 April. See BIM81210.
5	Transitional rules – trade commencing in transition year (2023-24) with late accounting date. See BIM81240.
6	Transitional rules – trade commencing in transition year (2023-24) with late accounting date. See BIM81240.
7	Transitional rules – continuing trade, basis period for trade with 31 December accounting date. See BIM81260.
8	Transitional rules – continuing trade, basis period for trade with late accounting date. See BIM81260.
9	Transitional rules – continuing trade, basis period for trade with late accounting date (and change of accounting date in earlier year). See BIM81260.
10	Transitional rules – calculating profits, no transition part of basis period. See BIM81280.
11	Transitional rules – calculating profits, no transition part of basis period and late accounting date. See BIM81280.
12	Transitional rules – calculating profits with transition part, profit-making trade, no overlap profits. See BIM81290.
13	Transitional rules – calculating profits with transition part, profit-making trade with overlap profits. See BIM81290.
14	Transitional rules – calculating profits with loss in transition part and overlap profits. See BIM81290.
15	Transitional rules – calculating profits with transition part, loss in standard part and overlap profits. See BIM81290.
16	Transitional rules – calculating profits with loss in transition part, loss in standard part and overlap profits. See BIM81290.
17	Transitional rules – calculating loss – loss increased by overlap relief. See BIM81300.
18	Transitional rules – calculating loss – profit turned into loss by overlap relief. See BIM81300.
19	Spreading transition profits – equal amount of profit taxed in each of the five tax years for continuing trades. See BIM81310.
20	Spreading transition profits – amount of profit taxed affected by trade ceasing. See BIM81310.
21	Spreading transition profits – election made to accelerate amount of profits taxed in one out of the five tax years. See BIM81310.
22	Spreading transition profits – election made to accelerate amount of profits taxed in two of the five tax years. See BIM81310.
23	Calculating tax liability of transition profits. See BIM81320.
24	Calculating tax liability of transition profits where notional net income is above £100,000. See BIM81320.
25	Calculating taxable profits of partner’s continuing notional business for 2023-24. See BIM81340.