I am filing a B83 to change my company year end date. When filling out the form B83 when providing the nomination of the new financial year end date, to do I tick the box: the current financial year end date or the previous financial year end date? What is the difference?
On the form B83, when deciding whether to choose the current financial year end date or the previous financial year end date, the example below illustrates this point.
Company A previously had a year end date of 30 September 2015. The annual return date of the company is 30 June each year (i.e. 30 June 2017 is the next annual return date assuming the 30 June 2016 return was already filed with the 30 September 2015 financial statements). The company now wishes to change its period end date to 31 December going forward (i.e. the 31 December 2016 is an 18 month period which is the max period it can be). Therefore on the 28 July 2017 (28 days after the ARD date) it files its annual return for the period to 30 June 2017 and in addition a Form B73 is filed to extend its annual return date to 30 September 2017 (without the financial statements as they are not required at that time – and assuming the ARD had not been extended in the previous 5 years or was due to a new parent taking over the company). On the 30 September 2017 Company A files the Form B83 to change its period end date from 30 September to 31 December 2016.
As the date on which the Form B83 was filed is after the annual return date (plus 28 days) that was initially for the 2017 year (i.e. the annual return date initially before any extension of the ARD which was 30 June 2016), then you will tick the box ‘previous financial year end date’. If in this example the Form B83 was filed on or before the 30 June or 28 July where 28 additional days taken, then you would tick the box ‘current financial year end date’.