Accounting period: Difference between revisions
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1. | 1. The period for which any set of accounts is prepared. | ||
A period upon which UK corporation tax is assessed and charged on profits arising in the period. | |||
2. A period upon which UK corporation tax is assessed and charged on profits arising in the period. | |||
This period cannot exceed 12 months. | This period cannot exceed 12 months. | ||
Also known as the 'period of account'. | Also known as the 'period of account'. | ||
== See also == | == See also == | ||
* [[Corporation Tax]] | * [[Corporation Tax]] | ||
* [[Financial year]] | * [[Financial year]] | ||
* [[Long term contracts]] | * [[Long term contracts]] | ||
* [[Period of account]] | * [[Period of account]] | ||
Revision as of 13:33, 12 June 2013
1. The period for which any set of accounts is prepared.
2. A period upon which UK corporation tax is assessed and charged on profits arising in the period. This period cannot exceed 12 months.
Also known as the 'period of account'.
