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3 month Accounts Filing Extension - COVID-19

Does this apply to Corporation tax returns too?

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Companies House have announced that company's can apply for a 3 month extension in filing their accounts if they have been affected by Coronavirus. See here

Does anyone know if this will apply for Corporation Tax returns too? I have tried calling HMRC, but their lines are jammed. 

Kind regards

Chris

Replies (16)

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By seitler
25th Mar 2020 11:00

You have got an extra 3 months anyway so accounts now go in at same time as CT

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Replying to seitler:
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By chrisacc1985
25th Mar 2020 11:44

Thank you.

The client I am working on has previously extended the filing deadline by reducing the year end by a day, however.

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Replying to chrisacc1985:
By Duggimon
25th Mar 2020 11:51

If they've already had a year and still can't get their records together then perhaps it's time to bite the bullet and accept the fine. The crisis has only really been ongoing for the last three or four of the fifty two weeks they've had.

To answer your question, there's been no extension of filing deadlines for any tax, though I expect appeals for any fines resulting will succeed. There is a dedicated line for deferring payment, but the returns are still expected on time.

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Replying to chrisacc1985:
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By Dragons Roar
28th Apr 2020 19:42

chrisacc1985 wrote:

Thank you.

The client I am working on has previously extended the filing deadline by reducing the year end by a day, however.

If that is the case, the client wont be eligible for a further 3 month extension with companies House FYI

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Replying to Dragons Roar:
Psycho
By Wilson Philips
28th Apr 2020 20:06

Yes it will provided that they’re still in time to shorten again

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Replying to Wilson Philips:
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By Dragons Roar
28th Apr 2020 20:14

If they have shortened by 1 day already in order to gain 3 months to file, they will only be eligible for a 1 day extension for covid-19. Wont be eligible for another 3 months.

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Replying to Dragons Roar:
Psycho
By Wilson Philips
28th Apr 2020 20:36

Yes they will - provided they are in time.

Example:

ARD 31 July 2019

Shortened on 28 April 2020 to 30 July 2019. Filing date 28 July 2020.

Shortened on 29 July 2020 to 29 July 2019. Filing date 29 October 2020. As good as 6 month extension from original filing deadline of 30 April.

OK it’s not using the Covid-19 reason, but who needs it?

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Replying to Wilson Philips:
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By Dragons Roar
28th Apr 2020 21:03

As i said... Not eligible to apply for a covid-19 3 month extension

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Replying to Dragons Roar:
Psycho
By Wilson Philips
28th Apr 2020 21:20

As I said ... so what? It isn’t needed.

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Replying to Wilson Philips:
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By Dragons Roar
28th Apr 2020 21:25

It is if a client doesn't want to change its year end and end up with future deadlines that do not fall on the last day of the month.

I was just advising the opening poster that due to shortening already, the client wont be able to use the online portal for an automatic 3 month covid-19 extension. A point we both agree on, so let's leave it at that.

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Replying to seitler:
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By chrisacc1985
25th Mar 2020 11:45

Duplicate

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By BRJ
25th Mar 2020 18:11

I am sat in the office here, nobody around anywhere, streets completely deserted! The usual frustrations. Minute limited company with 30th June 2019 year end & still waiting after much prodding for important information (yes like some bank statements!) & I completely refuse to guess figures. Client and wife are mid seventies and self isolating like half the country; they are pretty scared as one has serious health issues anyway. It is not safe to go out and for example come & sign the accounts and his attempts to get information from bank & other sources just the last week as you can imagine gets him nowhere & I cannot see the accounts getting lodged at Companies House on time. Yes client should have dealt with this six months ago but as we know old habits die hard. I think it is only reasonable to appeal. Any thoughts?

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Replying to BRJ:
By ireallyshouldknowthisbut
25th Mar 2020 18:40

I don't think "we still operating a practice like its 1972" is going to really cut the mustard with an appeal.

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Replying to ireallyshouldknowthisbut:
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By BRJ
25th Mar 2020 18:50

I am not sure that is even funny; you obviously have not heard of Covid - 19 and have no clients in the vulnerable age bracket with serious medical conditions.

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Replying to BRJ:
By Tim Vane
28th Apr 2020 20:07

Neither have you if you are still in the office. In any case having old clients is no excuse for having poor business practices.

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Replying to BRJ:
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By I'msorryIhaven'taclue
29th Apr 2020 08:17

Stick to your guns BRJ over not using guesstimated figures. I did that at Companies House for a hard-luck case last year and now the following year's accounts have come around and still the guesstimated year's figures haven't been put right; add to which the corporation tax return is 12 months overdue.

Of course, in 1972 your clients wouldn't have been able to run a limited company - too many barriers to entry such as keeping a proper set of books and requiring an annual audit; not to mention having to pay accountants an obscene amount for keeping them waiting around in their office after-hours.

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