Particular bodies: registered societies: accounting periods of retail co-operative
Historically some retail co-operative societies prepared accounts at half-yearly or quarterly intervals. ESC C12 enabled the co-operatives to treat accounts comprising twelve months to an agreed terminal date to be regarded as comprising one accounting period.
There are no longer any retail co-operatives making use of the concession, all produce annual accounts. The concession has therefore been withdrawn from April 2018.