Tax Facts

Reporting Period

For every report or end product, the relevant time period must be defined, the so-called reporting period. The TaxLevel system allows reporting periods to be freely defined.

The standard reporting period corresponds to the calendar year, i.e. 1.1. – 31.12.YYYY.

The following alternatives are also available:

  1. UK fiscal year: 6.4.YYYY – 5.4.YYYY
  2. Half-year
  3. Quarter
  4. Month
  5. Any other period less than or more than a year

It should be noted that, depending on the inventory method and the gains and losses calculation, the data for delivery may not only be confined to the reporting period.