Hi all,
My first post..
Early last year I transferred all business from a sole trader entity to a new incorporated company. The new company's accounts are being handled by our new accountant, however I'm still looking after the sole trader accounts.
Our a/c year is July - June (digression: word of advice to anyone, best not to do this, they are poor dates for a financial year)
I (possibly stupidly) ceased the income tax registration for the sole trader entity on the 31/12/11, rather than earlier, as trading was actually ceased by 30th June 2011 (a/c year end).
So bearing this in mind, my question is this, can I do a single Form 11 return covering 1/7/10 to 31/12/11 (18 months), or am I right in assuming I will require two returns (one for 2010 covering 1/7/10 - 30/6/11 and another for 2011, covering 1/7/11 - 31/12/11, which will be a zero return as no trading took place)?
Thanks,
Simon.