I am looking for dates for filing Annual Returns, Company Tax Returns and Payment Dates.
Am I correct in thinking that the Company Tax Return is filed with the Year End Accounts no later than 9 months after year end? Any corporation tax due must be paid within 9 months of the year end?
The Annual Return should be filed 12 months after the company has been registered?
Sorry so many questions. I am working with 5 different companies, all with different year ends and I want to get things organised
Its a bit of a strange one in that common practice is out of line with the rules.
I'll tell you what the rules are and see if you can spot the sequence error here!
Company tax returns are due 12 months after the end of the accounting period.
Payment of corporation tax owed is due nine months and one day after the end of the accounting period
Filing with companies house is nine months (unlike the CT not nine months and a day!!!) after the end of the accounting period.
Full accounts are filed with HMRC (visible only to HMRC)
Abreviated accounts are filed with companies house (Visible to everyone)
Did you spot the sequence error? yep, you have to pay HMRC their tax three months before you obliged to tell them how much you owe them.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Strange anomaly that Shaun, and always one that has made me chuckle. In practice it's always best to file the CT within the 9 months, imo
It's also worth pointing out that the first companies house return is a year to the date the Company was set up, after that it's the end of that month.
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John
Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
The first time I saw that about the CT filing v accounts to HMRC, I think I mustve read it about 6 times thinking I had read it wrong and wasnt concentrating enough!
Karen - its also worth mentioning that the due dates are updated on the companies house website.
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
