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Get help with basis period reform (moving to the new tax year basis)

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Watch this video to find out about the new tax year basis (basis period reform) that might affect you if you are a sole trader or partnership that has accounts not in line with the end of the tax year. This video will explain the basis period reform changes and how customers will need to report moving forward.
0:00 Introduction
1:14 Transition Year
1:45 New tax year basis
2:28 Profits
3:25 Summary
3:50 Help & support
*Tell us how we can improve the HMRC YouTube channel through this quick feedback survey*
*To subscribe and find more videos on Self Assessment please visit the HMRCgovuk YouTube home page:*
*You can get extra help with basis period reform on GOV.UK here:*
*To get help with basis period reform:*
*To get your overlap relief figure or to check if you qualify for overlap relief please click on the following link:*
*To get help to work out your transition profit please click on the following link:*
HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support.
You can use social media for help with general queries relating to any of HMRC’s products and services:
0:00 Introduction
1:14 Transition Year
1:45 New tax year basis
2:28 Profits
3:25 Summary
3:50 Help & support
*Tell us how we can improve the HMRC YouTube channel through this quick feedback survey*
*To subscribe and find more videos on Self Assessment please visit the HMRCgovuk YouTube home page:*
*You can get extra help with basis period reform on GOV.UK here:*
*To get help with basis period reform:*
*To get your overlap relief figure or to check if you qualify for overlap relief please click on the following link:*
*To get help to work out your transition profit please click on the following link:*
HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support.
You can use social media for help with general queries relating to any of HMRC’s products and services: