CT600 and accounting period

CT600 and accounting period

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A company in the first period of trading (11/07/07-31/07/08) has a loss but IR want a CT600 completed for the AP 11/07/07-10/07/08, I know I have to complete two returns but after this will the Accounting Period on future returns be to our accounts year end 31/07? or is there any way I can get IR to changes their AP reference dates to match our year end?

Also the company has made a loss, has no assets & therefore no depreciation and no disallowables, adjusted profit for tax = accounts profit (or loss in this case) I loathe the thought of paying our accountants a couple of hundred quid (or anything) for a simple straight forward CT600(short), and I moved out of practice a long time ago so am trying to find a few refrsher tips like what boxes to fill in, I know they say it's like riding a bike but I haven't done that is years either!!

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By SimonP
20th Jan 2009 01:36

DIY CT600 filing
Why not register to file your CT600 online at the HMRC website. That way, you don't ever need to fill in a form, it's all done for you.

No disrespect intended but you did notify Companies House of the new AP didn't you?

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By GrahamASA
02nd Dec 2008 20:21

Long route is the only route
I'm afraid you have to do your first year from the date you put on your CT41G as the date started to trade. In your case that was probably the date of incorporation so your tax year will run for 365 days from then, the first return, then you have another return for the balance of the days to end the of your accounting year.

From the second year, HMRC will keep to the date given on your CT41G as the dates to which you are going to prrepare accounts.

Next time (if there is one) ... make sure the information you put on the CT41G keeps things simple for you. :-)

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