There has been a change of account date and the period is longer than 18 months

If the accounting period is changed and the new period is longer than 18 months, the new end date will not be used until the second time the new period is used s62A. The only times this rule will not apply will be for the opening period and the closing period, both of which may be longer than 18 months. In the year where the change of account date has occurred the basis period will be 12 months starting at the original account date. In the year after the change of account date the basis period will begin at the end of the previous basis period and end on the new account date. For example, the client has the following account dates: 30/6/6 5/4/8 5/4/9 The basis periods will be as follows: In the 2008 year the basis period will be 01/06/06- 30/06/07 In the 2009 year the basis period will be 01/07/07- 05/04/09 Overlap relief will be utilised within the 2009 year