Part 23

Company distributions
Chapter 3

Matters which are not distributions

Stock dividends

Return periods
1053
1
For the purposes of section 1052 a company's return periods in any accounting period are the periods that begin and end as follows.
- Rule 1 A return period begins at the beginning of the accounting period.
- Rule 2 If one or more quarterly days fall within the accounting period (excluding the last day of the accounting period), the end of each such day is the end of a return period, and a new return period begins immediately afterwards.
- Rule 3 A return period ends at the end of the accounting period.
2
For the purposes of subsection (1) the quarterly days are 31 March, 30 June, 30 September and 31 December.
Pt. 23 applied (with modifications) by 2003 c. 1, s. 554AC(3) (as inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by Finance Act 2018 (c. 3), Sch. 1 para. 2)