I usually prepare my accounts for a full year from 01/08 to 31/07 each year. Last years Tax Return (2010/11) showed income for the period 1st August 2009 to 31st July 2010. However I ceased trading as of 29th February 2012. Can I prepare my final set of accounts for the period 1st August 2010 to 29th February 2012 (19 months). And how should I complete my 2011/12 Tax Return?
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02 May 2012