BIM34025 - Change of basis of computing taxable profits: from invalid to valid basis: contents

Where a business has been using an invalid basis of computing profits and changes to a valid basis the profits for any affected periods of account must be computed on the new valid basis. This is covered in the following two pages:

1. BIM34030

   Invalid to valid basis: computational adjustment
2. BIM34035

   Invalid to valid basis: approach to earlier years