{"Term":"Balance date","Definition":"\u003cp\u003eThe date of the annual balance of the financial statements for a person, business or other type of entity\u0027s tax year. \u003c/p\u003e\n\u003cp\u003eThe standard balance date is 31 March. You can only use a different date if you have written approval from Inland Revenue.\u003c/p\u003e\n\u003cbr /\u003e\n\u003cp\u003e\u003ca href=\"/income-tax/income-tax-for-businesses-and-organisations/balance-dates\" class=\"quick-links-topic\"\u003eBalance dates\u003c/a\u003e\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}