Cessation of Trade Accounts 2013

pereubu

Registered User
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Hi all, I am doing a self assessment return on ROS for the first time as I have ceased trading in 2013 on 28th April. I became full time PAYE employed on that date also. I used accountants for many years previously.

I am just confused by the Review of 2012 accounts. They were done from 1/1/2012 to 31/12/2012.
I was a sole trader and assessable profits for 2012 were around 18K.
Assessable profits up to 28th April 2013 were around 5K.
What needs to be done here?? I have read lots of examples but can't get my head around it.
Profits for the year seem to be equal to the assessable profits in my case.
Thanks for any help.
 
Basically nothing needs to be done. If your 2013 accounts run from 01-Jan-2013 to date of cessation (which they do) and your 2012 figures run from 01/01/12 - 31/12/12 (which they do) then there is no requirement to review the 2012 figures at all. You can just ignore this section.
 
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