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A company's year-end for the purposes of filing accounts and tax returns is determined by the date when it was incorporated, but it suits some firms to change this accounting reference date to make it longer or shorter. Coddan can help you to achieve this.
If you want to shorten your financial year, it's possible to do so repeatedly, and the minimum it can be shortened is one day. The rules from Companies House state that the reporting period can be extended 18 months at most and beyond that if the firm is in administration.
The financial year can only be lengthened once in five years but longer for companies in administration and those that want to have the same reporting date as their parent private company or subsidiaries. Outside of that, permission is required from Companies House.
In addition to helping you change your accounting reference date, Coddan can also assist with the preparation and filing of your annual accounts and tax returns, so that you’re in full statutory compliance at all times and are not hit with any fines.