Question：Ray draws accounts annually to 31 December. He decides to change his accounts date and does so by drawing up a 16 month set of accounts covering the period 1 January 2011 to 30 April 2012.
What is the tax year of change?
The correct answer is: 2011/12.
2011/12 (first tax year in which there are no accounts drawn to 31 December) or
2012/13 (first tax year in which accounts are drawn to 30 April).
Year of change is therefore 2011/12.