Corporation Tax Act 2010 section 1053

Return periods

Section 1053 defines the return periods used for the purposes of reporting on share capital under section 1052, by dividing a company's accounting period into quarterly segments aligned to fixed calendar dates.

• A return period always starts at the beginning of the company's accounting period
• Quarterly days (31 March, 30 June, 30 September and 31 December) falling within the accounting period mark the end of one return period and the start of the next
• A quarterly day that falls on the last day of the accounting period does not create a separate break — the accounting period simply ends on that date
• The final return period always ends at the end of the accounting period