SCIO tax return requirement

Do all SCIOs need to file CT600s

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Simple question (?!) - do all SCIOs have to complete an annual CT600 with page CT600E, or are there exemptions/situations where the charitable company isn't required to file a return?

If all do have to file, I'm assuming that the filing deadline is still by reference to the accounting date, or is there some other reference date used?  

NB - This is not to be confused with the OSCR return, which would still, of course, need to be submitted each year.

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By The Highlander
12th Oct 2016 09:33

No SCIO's Don't need to file CT600's annually.

I've not come across a situation where one does yet, but I would assume a requirement would come into existence where:

a) It has been served notice to do so
b) Has received income, over a specified level (I think £50,000), from non charitable activities.

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By ianthetaxman
12th Oct 2016 09:41

Update - I've managed to get hold of someone at the relevant HMRC office at last. They advise that strictly all SCIOs should complete a CT600 etc. but when they are set up as a charitable company with the Charities Office, their details are then passed to another mainstream Corporation Tax department who select companies to be set up for CT.

At the moment there is a huge backlog, but she did say that it is a case of 'when' rather than 'if' they are selected, and so in time, all SCIOs will need to submit a CT600.

For now, if one hasn't been requested, there is no need to submit one.

This does seem very vague and a little hit and miss - I'm assuming that HMRC believes that as they are charities there will be no tax to pay, so no rush to get all of them set up for CT.

This does seem to tie in with the above response (thanks!)to a degree, but it seems that HMRC will want all SCIOs to at least submit one CT600 and then potentially exempt them due to their circumstances, or go on a cycle of issuing a review CT600 every three or five years?

Oh well....

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By The Highlander
12th Oct 2016 10:54

Sounds like it is taking on a similar format to charitable companies where in general we get a request every 4 years to complete a CT600.

As I said, we haven't received any requests for our SCIO's yet and as they all solely carry on charitable activities with no form of taxable income we have had no need to complete a CT600 yet.

Thanks for the update.

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