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HMRC internal manual

Company Taxation Manual

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 The concession has therefore been withdrawn from April 2018.