Cooperatives Preparing Quarterly and Half-yearly Accounts
HMRC will, under certain conditions, allow cooperatives that prepare quarterly and half-yearly accounts to merge a number of periods of account for tax purposes so that they have only accounting date each year.
Read more about this topic: Accounting Period (UK Taxation)
Famous quotes containing the words preparing and/or accounts:
“I would not have every man nor every part of a man cultivated, any more than I would have every acre of earth cultivated: part will be tillage, but the greater part will be meadow and forest, not only serving an immediate use, but preparing a mould against a distant future, by the annual decay of the vegetation which it supports.”
—Henry David Thoreau (1817–1862)
“Friendship is friendship, but accounts must be kept.”
—Chinese proverb.