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An accounting period is a period with reference to which United Kingdom corporation tax is charged.〔Section 12 of the Income and Corporation Taxes Act 1988〕 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. Often an accounting period coincides with a company's ''period of account''. This is the period for which it draws up accounts,〔Section 832(1) of the Income and Corporation Taxes Act 1988〕 except for a life assurance company, where it is the period for which it draws up its periodical return.〔Section 431 of the Income and Corporation Taxes Act 1988〕 However, periods of account and accounting periods do not necessarily coincide. ==Basic rules== An accounting period begins when:〔Section 12(2) of the Income and Corporation Taxes Act 1988〕 *the company comes within the charge to corporation tax. A company usually first comes within the corporation tax charge when it first acquires a source of income.〔Section 832(1) of the Income and Corporation Taxes Act 1988 (see the closing words) and HM Revenue and Customs' ''Company Taxation Manual'' at (CTM01410 )〕 However, it will also come within the charge if it commences business but is not already within the charge.〔Section 12(4) of the Income and Corporation Taxes Act 1988〕 Overseas companies usually come within the charge if they become UK resident or start trading in the UK through a UK permanent establishment;〔Section 11 of the Income and Corporation Taxes Act 1988〕〔It was also held in ''Walker v Centaur Clothes Group Ltd'' 72 TC 379 that a source is not always necessary. In that case, it was held that the company becoming liable to pay advance corporation tax was enough to bring it within the charge to tax.〕 *an accounting period of the company ends, and the company is still within the charge to corporation tax; or *the company does not currently have an accounting period and has a chargeable gain or allowable loss.〔Section 12(6) of the Income and Corporation Taxes Act 1988〕 Chargeable gains and allowable losses are taxable gains and tax relievable losses that arise on the disposal of certain capital assets, for example on the disposal of the company's head office.〔The full definition of what constitutes a chargeable gain or allowable loss is in the ''Taxation of Chargeable Gains Act 1992''〕 An accounting period ends on the earliest of the following:〔Section 12(3) of the Income and Corporation Taxes Act 1988〕 *the expiration of 12 months from the beginning of the accounting period; *an accounting date of the company or, if there is a period for which the company does not draw up accounts, the end of that period; *the company beginning or ceasing to trade or to be, in respect of the trade or (if more than one) of all trades carried on by it, within the charge to corporation tax; *the company beginning or ceasing to be UK resident; *the company ceasing to be within the charge to corporation tax. There are further rules to deal with windings up, life assurance companies and lessor companies. A UK-resident company is treated as coming within the charge to corporation tax (if it has not already come within the charge to corporation tax) when it commences to carry on business.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Accounting period (UK taxation)」の詳細全文を読む スポンサード リンク
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