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Basis period reform update

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Published: 08 Jul 2024

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This webinar from the Tax Faculty will get you equipped to report results from the transitional year 2023/24.

In this webinar we look at some of the issues members have been encountering in preparing 2023/24 self assessment returns for clients affected by basis period reform. In particular, we cover:

  • How to complete the tax return supplementary pages for the transitional year.
  • The impact of changing the accounting year end date in that year.
  • The impact of (and ability to) prepare a set of accounts for a period longer than 18 months.
  • How to obtain overlap relief details from HMRC. 
  • Impact of basis period reform on averaging elections.

This webinar could contribute up to 1 hour of verifiable CPD, so long as you can demonstrate that the content is relevant to your role. Find out more.

*This webinar has been recorded with closed captions enabled. In order to enable or disable the feature on the recording, please click on "CC" icon at the bottom right of the screen. Please note that the transcript is automatically generated and errors may occur.

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