I am attempting to use HMRC's Corporation Tax Online filing software to file accounts and computations for a company with a 17 month period of accounts. I understand that the accounts should be attached to only one of the CT600 returns but I contacted the HMRC online helpdesk to ask what figures should be used in the Detailed profit and loss section of the Computations for each CAP. I could simply apportion all of the P&L figures 12/17ths and 5/17ths but this seemed a bit pointless as all that was needed was an apportionment of the adjusted profit. Needless to say, the online helpdesk couldn’t help and gave me the telephone number of another office that didn’t know either but would look into it.
As anyone else encountered this?
Replies (4)
Please login or register to join the discussion.
12-months APs (or shorter)
At the moment HMRC free CT software can only cope with 12-months accounting periods or under (among other shortcomings).
Purchasing commercial software or advising new companies to shorten their accounting periods would save you a lot of work.
Eh?
You cannot have a CT accounting period of longer than 12 months, so it is not surprising that CT Online cannot handle an attempt to file for a 17 month period.
Yes - you need to apportion the profit per the accounts and any disallowable expenses 12:5 and prepare computations for the initial 12 months and the balance of 5 months accordingly. You then do two CT returns and attach the 17 month accounts to both of them.
Or buy third party software to do it all for you.
.
Agree with Euan, although our software only lets us IXBRL the accounts to the later period for some reason!