| 释义 |
accounting period
The period for which a company makes up its accounts. Corporation tax is imposed on the profits measured for an accounting period (Corporation Taxes Act 2009 s 8). For this purpose, an accounting period cannot exceed 12 months. Certain events, notably a company ceasing to trade, are specified by statute as causing the end of an accounting period, even though the company may not make up its accounts to that date. See also financial year. |