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lor


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ltd company self assessment
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If a Ltd Company has made a loss during the 10/11 tax period, do they still need to complete a Self Assessment Tax Return on line by 31st jan 2012????.



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fabs79


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Hi,

I'm confused by your question.

A limited company prepares a Corporation Tax Return at the end of its accounting period (which is almost never the financial year). It does not prepare a Self-Assessment Tax Return.
Not sure how to address your question...


Fabs



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MarkS


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Another classic question from lor.

If you are asking about SA returns due by 31 January for companies then shows a complete lack of understanding of the corporation tax rules.

Regards

MarkS



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gbm


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To be fair, a company with 31.1.11 year end would have to file their company tax return with HMRC by 31.1.12, and HMRC do use the term 'Corporation tax self assessment' - but then again, they would have to file a company tax return regardless of whether they made a profit or a loss.


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