Affect on Corporation tax when shorten Limited Company year end

Affect on Corporation tax when shorten Limited...

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If a Limited company has shortened its year end from 30th November 2013 to 29th November 2013 in order to increase the filing deadline, how does this affect the Company tax return? The accounts have still been prepared to the 30th November but were submitted to Companies House as of 29th November (using the 7 day rule that the financial year ends with the accounting reference date plus or minus 7 days). As the accounts were prepared and signed to 30th November, is this the date that needs to go on the company tax return? Or does the year end need to be changed to 29th November 2013 on the accounts? Any help would be gratefully accepted as I am quite new to all of this!

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The triggle is a distant cousin of the squonk (pictured)
By Triggle
19th Nov 2014 17:53

It doesn't affect the CT return period if you have made accounts up to 30 November 2013. Just file those accounts with a CT return for the year ended 30 November 2013 as normal.

If you have used the CoHo web-filing service to file the accounts you should have selected 30 November 2013 from the combo box that specifies the balance sheet date (which as you say could be 7 days either side of the ARD).

If you have filed the accounts at CoHo either electronically or on paper showing 29 November 2013 as the balance sheet date then, ho-hum, HMRC will be none the wiser anyway.

 

 

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Replying to paul.benny:
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By kbab
20th Nov 2014 09:00


Thank you so much for your fast response, that's been a great help!

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