Tel: 01736 795753
This email address is being protected from spambots. You need JavaScript enabled to view it.

When you can or cannot change your company year-end

Source: HM Revenue & Customs | | 01/05/2018

There are special rules in place which limit the ability to change a company’s year end date. A company’s year end date is also known as its ‘accounting reference date’ and is usually set by reference to the date the company was incorporated.

Under certain limited circumstances it is possible to make a change to the year end. However, you can only change the date for the current or preceding financial year. Making a change to a year end date will also change the deadline for filing accounts (except for during a new company’s first financial year). For new companies, the first accounting reference date is fixed as the last day in the month in which its first anniversary falls.

There is no limit to the amount of times you can shorten a year end date but you can only extend the period to a maximum of 18 months once in every five years. The financial year can also be extended under limited circumstances such as when the company has been put into administration.

A request for a change to an accounting reference date can be made online using the Companies House online service or by using a postal version of the Change your company accounting reference date (AA01) form. No change can be made to a period for which accounts are overdue.

Planning note

There is no overriding reason for using one date over another but there are a number of important factors to take into account.

The most common year end dates are usually 31 December (the end of the year) or 31 March (to coincide with the end of the tax year). We would be happy to review your year end date to help ascertain if another date would be more beneficial.



Search Archive


Latest News

Auto-enrolment qualifying earnings band figures for tax year 2019/20 confirmed
21/01/2019 - More...
The draft Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2019 has now

Statutory payment rates for tax year 2019/20 confirmed
21/01/2019 - More...
The following statutory payment rates are confirmed: The standard weekly rates of Statutory

EU Settlement Scheme fee is to be scrapped
21/01/2019 - More...
The Prime Minister has announced in a speech to the House of Commons that the £65 fee for

Search

Our Address

Greenwood Wilson
The Old School
The Stennack
St Ives
Cornwall
TR26 1QU

Contact Us

tel: 01736 795753
fax: 01736 798642
This email address is being protected from spambots. You need JavaScript enabled to view it.

Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login