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Tax is charged for an accounting period, although the rates and thresholds are set for financial years. In the normal course of events, a company's accounting period will be the same as the 12...
When a company enters into liquidation it is, for chargeable gains purposes, a non-event. Although the assets become vested in the liquidator, there is no chargeable disposal. The actions of...
Where the company's accounting period coincides with the FY (i.e. runs from 1 April through to 31 March) corporation tax is calculated simply by multiplying the taxable total profits by the appropriate...
HMRC is notified by Companies House when a new company is formed and will usually send a form CT41G, which can be used by the company to notify coming within the charge. However, it is the company's responsibility...
The basic rule is that the filing date for a return is the later of: - 12 months from the end of the period to which the return relates; or - 3 months after the date the notice to file is received....
CompaniesThis section of the report covers the potential advantages of changing your company’s accounting reference date (ARD).
You formed a company in March with the intention of beginning trade immediately. However, this was delayed because of coronavirus. Do you need to notify HMRC and what effect will the delay have...
A business associate recently told you that his accountant changed his financial account period in order to delay tax liability. Is this something worth considering for your company?
When a director shareholder owes their company money which isn’t repaid in a relatively short time, a corporation tax charge is triggered. How can the tax bill be delayed or avoided altogether?
Your accountant has started work on your year-end figures and is asking about unbilled liabilities which will be payable in the coming year. Should you mention staff bonuses, and what difference...