Other UK income 20 - Amount of post-cessation or other business receipts

Please enter any post-cessation or other business receipts (received after your business has ceased) to be taxed as income of an earlier year and enter the tax year the business ceased, for example 2019 to 2020.

There will be an adjustment needed to increase your tax for 2020 to 2021 because you're claiming to pay tax on your post-cessation receipts by reference to the year your business ceased.

Calculate the difference between the actual liability for the earlier year and the liability that would have arisen for the earlier year if the post-cessation receipts had been included in the return for that year. The adjustment relates to 2020 to 2021 even though it is calculated by reference to the circumstances of the earlier year. If you need help, ask us or your tax adviser.

Enter the difference in the 'Increase in tax due because of adjustments to an earlier year' box in the 'Adjustments to tax due' section.