Revenue eBrief No. 024/19
19 February 2019
Cessation of a trade or profession or change in accounting date – review of preceding year
Tax and Duty Manual Part 04-03-05 sets out the approach to be adopted when a revision of a preceding year is required - either because of the permanent cessation of a trade or profession or because of a change in accounting date.
It has been updated as follows:
- legislative references have been updated, where appropriate
- instructions in relation to procedures in processing areas have been deleted
- a link to Tax and Duty Manual Part 41A-04-01, which sets out guidance on amending returns and self-assessments, has been added
- the formatting has been refreshed.