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?
　　A. 2010/11
　　B. 2011/12
　　C. 2013/14
　　D. 2012/13
　　The correct answer is:2011/12.
　　Earlier of:
　　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.