Overlap Relief?

 

If you are an unincorporated business, it is a good idea to review the tax computations to see if you have any unrelieved overlap profit. This profit will have been taxed twice due to the basis of assessment and if unlocked could be used to reduce the current tax payable.
 
We are able to advise you on this, however it is important to note that you will either need to cease trading in your current format or change your accounting period.