Accounting period

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Revision as of 13:33, 12 June 2013 by imported>Mprice (switched order of two points & deleted link to chargeable accounting period)
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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'.


See also