Answered: Seun started his self-employment on 1…

Seun started his self-employment on 1 July 2020, he prepared the first period of accounts to 31 December 2021. What tax year will be his first tax year? 2020/2021 2021/2022 2019/2020 2022/2023

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Seun started his self-employment on 1 July 2020, he prepared the first period of accounts to 31 December 2021.

What tax year will be his first tax year?

2020/2021
2021/2022
2019/2020
2022/2023

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