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

From HM Revenue & Customs · Company Taxation Manual

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), provides that winding-up starts:

  • when the company passes a resolution for the winding up of the company,

  • when a petition for the winding up is presented (if the company has not already passed a resolution and a winding up order is made on the petition), or

  • when an act is done in relation to the company for a similar purpose, if the winding up is not under the Insolvency Act 1986.

CTM36100 onwards gives more general guidance.