changing dates on tax return help 1 day left

ste1964

currently my accounting dates r 1/2/07 to the 31/01/08 can i change accounting dates to 01/02/07 to the 30/04/08 as i invested over 35k in the bussiness over the 3 month period witch i can claim capital allowence but i wouldnt need the full first years allowence of 50% id only need 15% so how would i show this to make use of my tax allowence the money came from sale of shop premises and i invested i bought parts and made sunbeds to rent out in feb /march

ceeforcat

Do not even think about it for three reasons:

1) you would have a fifteen month account period with no accounts period ending in the tax year 2007/08. This involves complicated tax calculations with a thorough knowledge of basis periods.

2) The HMRC will attack any attempt to change your year end to earlier in the tax year unless for sound commercial reasons - you have already stated that your main reason is to save tax only.

3) you have a Capital Gains issue with the sale of the shop premises - when were contacts signed for the sale?