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    Tax return following a delayed start to business

    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...

    Corporation tax - General principles - Liability to tax - Accounting periods - Characteristics - 1155

    In general, an accounting period can never exceed 12 months and will end at the company's accounting reference date. However, this rule is modified in the following situations: - the first accounting period...