It is possible to change your company’s accounting reference date in order to make its financial year run for less than (or more) than 12 months. You can do this by as little as a day, and you can shorten it as many times as you wish. However, please note that it is not possible to change the Accounting Reference date if your company’s accounts are overdue.
It is important to note that this process also changes the deadline for filing your company accounts (unless you are filing the accounts for the first year).
If the companies accounting reference date has been shortened, the new filing deadline will automatically be the longer of the following two options:
Do you need more information or want to speak to a specialist on the subject? Get in contact with our partner and sister company, Perfecto Accounts. Receive expert advice and support from the accountancy and bookkeeping provider.
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