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    Income tax - Trading income - Sole traders - Profits - Computation of trading income - General rules - 21000

    Trading income comprises profits from a trade, profession or vocation. Tax is charged for each tax year on the profits of the basis period for that year (¶21100). The profits of sole traders (individuals)...

    Are you looking for a change of accounting date?

    If you’re in business as a sole trader or in partnership, a change in your accounting date can affect when your profits are taxed and even the amount of tax payable. Could you benefit from...