Corporation Tax for 1st year of trading The first accounting period covers the first 12 months, i.e. starting from the date your company was incorporated. The second accounting period covers the rest of the time, i.e. starting from the end of the 12 month period above, running to the end of the month.
A Corporation Tax accounting period can’t be longer than 12 months. This means that in your first year of trading your company must file two Company Tax Returns because you’ll have two Corporation Tax accounting periods. This is the case even though you only need to file one set of accounts at Companies House.
How many months after a year end can you file accounts?
9 months
Overview
| Action | Deadline |
|---|---|
| File annual accounts with Companies House | 9 months after your company’s financial year ends |
| Pay Corporation Tax or tell HMRC that your limited company does not owe any | 9 months and 1 day after your ‘accounting period’ for Corporation Tax ends |
Which is the latest version of the CT600?
11 December 2017 The Company Tax Return (CT600 version 3) has been updated to incorporate the reform of Corporation Tax loss relief. 7 April 2017 New version Corporation Tax: Company Tax Return (CT600 (2017) Version 3) has been added. 7 April 2015 First published.
When does CT600 tax return need to be completed?
CT Return period cannot exceed 365 days (unless a leap year). Company started trading on 24/01/13 so you need to complete 2 returns: First return period is 24/01/13 to 23/01/14. Second return period is 24/01/14 – .
When do you get fined for CT600 computations?
If the period end is 31/1/2013, the return is already overdue, so you will be fined. If the accounts have only just been submitted to Companies House now (implied by you submitting through CT600 which is what you are doing now) then they were significantly late and you will be fined.
When to use form CT600 for Northern Ireland?
Use form CT600 (2020) Version 3 for accounting periods starting on or after 1 April 2015. This form has been updated in readiness for when a Northern Ireland ( NI) Executive together with the UK Government decide to introduce a devolved rate. See Northern Ireland Corporation Tax regime: draft guidance for more information.
