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HMRC internal manual

Company Taxation Manual

From
HM Revenue & Customs
Updated
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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.