Basis Periods Simplified for Accountancy and Tax students and practitioners

This key area of Personal Taxation usually daunts and confuses many students and practitioners, but once understood, will quickly become one of your favorite subject areas.

0:00 Introduction
1:44 Basis periods snapshot
4:40 Commencement of trade and Actual Basis
6:51 Accounting period ending in 2nd tax year
10:45 No accounting period ending in 2nd tax year (Long AP)
17:10 Overlap profits
18:33 Short accounting period ending in 2nd tax year
25:39 Cessation of trade
26:55 Closing remarks

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