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HMRC internal manual

Holding and Movements Alcohol Strategy Accounts

Accounts: What is the Profit and Loss Account (P&L)?


This is a summary of the trader’s transactions over a given period of time. This is usually 12 months, but can be longer or shorter depending on when trading starts, financial year-end and change of year-end. However, once this has been established, further P&L Accounts will be on an annual basis.

These form part of the financial statement, required by law, to be submitted by all businesses incorporated under company acts to Companies House.