Accounting Period

defined and uniform period of time in which account activity is recorded

An accounting period is a period with reference to which United Kingdom corporation tax is charged. It helps dictate when tax is paid on income and gains. An accounting period begins whenever a company comes within the corporation tax charge, and whenever an accounting period ends without the company ceasing to be within the charge. There are a number of rules about when an accounting period ends, and we look at each of these below.
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a period of time, (month, quarter, year), for which a financial statement is produced.