Thank you for your question...
As the self employment commenced in Sep 2014, the tax return 2014-15 would cover period Sep 2014 to 5 Apr 2015 and you should report the profits for this period in your Tax Return 2015.
In practical terms you would look at the profit for ye Aug 2015 and pro rata it into two tax years to ascertain your profit for the period Sep 2014 to 5 Apr 2015.
HMRC is right..
More information on this can be found here
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Hi there, just checking if you have any outstanding concerns from my answer you viewd on 9 Jun 2016.
trying to come up with an argument that we shouldn't have to do a 2013/2014 Return as our idea was to declare the full year accounts in 2014/ 2015.
especially as the tax return is late.
Thank you for your reply...
If your client was sent a notice to file a tax return for 2013-14, then there is little you can do, as you have to file a return albeit a nil return, I'm afraid.
I hope this is helpful.
Thank you for your reply.
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