Corporation Tax advise please

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Corporation Tax advise please

My friend registered a Ltd company at the end of 2006. And she return the CT41G to Tax office to make plan the company account prepare day should be 01 Feb 08. They then hand in the account report to company house on the time. However, they have not got any reply from Tax office.

Should they waiting for the notice from Tax office or should they go to ask? BN: their business running very small and the turnover is not more than 5,000.

Could you please advise what should they do. And if they will face penalties in this case?
Meanwhile, how can they find the corporation tax code?

Comments

try calling your tax office

neutru | | Permalink

if they are not the right office ask to be given the right number

might take you several tries :)

petersaxton's picture

Questions

petersaxton | | Permalink

 What is the date 01 Feb 08? Why was that date chosen? Most company period ends are 31 March or 31 December.

What was the deadline for submission to Companies House?

Have they prepared full set of accounts and tax computations?

Phone a HMRC corporation tax office and they will tell you the code.

thx for your advise

xeniaxenia | | Permalink

Ye, maybe ring the office will get more information.

reply - Questions

xeniaxenia | | Permalink

Questions

 What is the date 01 Feb 08? Why was that date chosen? Most company period ends are 31 March or 31 December.

What was the deadline for submission to Companies House?

Have they prepared full set of accounts and tax computations?

Phone a HMRC corporation tax office and they will tell you the code.

---------------------------------------------------

The date was setting as they using the business account to purchase something... If they know the best date should be 31 Mar or 31 Dec they wont do that.

The deadline for submission to Companies House was 31 Dec 07, but they amended that later. So they submitted at 2008.

According to hmrc should they allowed 24 mths after the submission date if they amended?

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"So you can usually make an amendment to a return up to 24 months after the end of your accounting period."

Dont know if they got full set of accounts and tax computations. Should they do this themself or better ask an accountant? How much will that cost to ask an accountant to deal that?

petersaxton's picture

Get an accountant

petersaxton | | Permalink

I'm sorry everytime you say something it could have two or more meanings.

I would recommend you get an accountant. It will cost about £500 to £1,000

Confuse

xeniaxenia | | Permalink

Thx. As so far, we are confusing and dont know which day should to be used.

But they wonder why the Tax office did not reply any of their sending. They send CT41G twice time, one was mention the company not trading yet. The 2nd notice the date they would going to prepare account. And, even after they did the account report to company house, they still have not got any news from HMRC.

petersaxton's picture

phone

petersaxton | | Permalink

phone them and ask what is going on

did you change address? 

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