Change in Accounting Date HMRC

Didn't find your answer?

I have a client that has lengthened their accounting date from 31 Aug to 31 December. My understanding is that from a Conpanies House perspective my filing date will be pushed out by 4 months but my question is what happens from HMRC perspective? Is the filing date for Corporation Tax 12 months after 31 Aug or 31 Dec? Is it a case that once HMRC are notified it will be 31 Dec? I understand that 2 returns will be required for 12 months and 4 months but it is not clear to me when both returns fall due. TIA

Replies (4)

Please login or register to join the discussion.

avatar
By Matrix
27th Mar 2019 20:27

31 Dec for both CT600s but the tax is due 9 months and 1 day after each accounting period.

Thanks (1)
Replying to Matrix:
avatar
By Accountanttp
27th Mar 2019 21:32

Thanks Matrix so in this case first payment is due for the first period 1 June and second period 1 October? In addition HMRC need to be notified of change in order to avoid penalties?

Thanks (0)
Replying to Accountanttp:
avatar
By Matrix
27th Mar 2019 21:48

I suppose you will have to write to them if you haven't filed the tax returns by 1 June and the system has not updated from the change at Companies House. You will need the system to update so your client can use the correct payment reference otherwise the payments won't be allocated correctly.

Why would there be penalties? You mean if you didn't do anything and they were expecting the tax return on 31 Aug? No I wouldn't recommend that, not least because they would repay the tax.

Thanks (1)
Replying to Matrix:
RLI
By lionofludesch
28th Mar 2019 08:07

To be fair, they will send out reminders and penalty notices based on the old year end if you don't tell them.

They're rebuttable, but you'll get pestered.

Thanks (0)