CTM01520 - Corporation Tax: accounting periods: company winding-up

CTA10/S626 onwards (formerly ICTA88/S342)

An accounting period ends and a new one begins when a company starts to be wound up. After that an accounting period ends only at:

• the expiry of twelve months from its beginning, or
• the completion of the winding-up.

CTA09/S12(7), formerly ICTA88/S12 (7), defines the date when winding-up starts.

Guidance on winding-up generally is at CTM36100 onwards.