Self Employed short 09 - Services under contracts

If you're carrying on a trade, profession or vocation and have received income from contracts for professional or other services then you will need to change the way in which you calculate turnover in your accounts. This is because there has been a change in the accounting guidance on service contracts for accounting periods ending on or after 22 June 2005. This guidance, issued by the Accounting Standards Board, is called Urgent Issues Task Force Abstract 40 (UITF 40).

Select this box if you provide services under contracts for professional or other services.