CTM01500 - Corporation Tax: accounting periods: end of
CTA09/S10 (1) & S12 (formerly ICTA88/S12 (3) & (7))
An accounting period ends when the first of the following happens.
- The expiry of twelve months from the beginning of the accounting period.
- The accounting date of the company, that is the date to which it makes up its accounts.
- The end of a period for which a company does not make up accounts.
- The company begins to trade.
- The company comes within the charge to CT in respect of its trade or, if it carries on more than one trade, of all its trades.
- The company ceases to trade.
- The company ceases to be within the charge to CT in respect of its trade, or if it carries on more than one trade, of all its trades.
- The company begins to be resident in the UK.
- The company ceases to be resident in the UK.
- The company ceases to be within the charge to CT.
- The commencement of the winding-up of the company.
CTM01520 deals with winding up.