During the session, our speakers covered the following key areas;
- What is Basis Period Reform (BPR)
- How does it affect you
- What are your options
- What happens next
- Q&A
Watch our webinar here
What is Basis period reform (BPR)?
Basis Period Reform is new legislation from HMRC which essentially aligns the business year end with the tax year end and comes into play from the 2023/24 tax year which will be recognised as the ‘Transitional year’. For more information, visit our articles below.
How can it impact my practice?
Basis Period Reform will result in profits for a period of more than 12 months being assessed which could lead to an increase in tax liability for partners. For more information, visit our articles below.
Get in touch
If you have any questions relating to this session or the services we provide, please don't hesitate to get in touch with our team.
Contact us