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Companies House filing vs Corporation Tax payment

Covid-19 concessions

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Does any one else find it difficult to explain to directors that in the current crisis they have 12 months to file the company accounts with Companies House, which can not be used since the Corporation Tax remains payable after 9 months?

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By Paul Crowley
14th Jul 2020 14:59

Easy
Tax is payable, but HMRC already give the company the same time scale to file.
I have numerous clients where payday is irrelevant as there are other more urgent priorities for the dwindled bank balance.

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Replying to Paul Crowley:
RLI
By lionofludesch
14th Jul 2020 19:24

Paul Crowley wrote:

Easy
Tax is payable, but HMRC already give the company the same time scale to file.
I have numerous clients where payday is irrelevant as there are other more urgent priorities for the dwindled bank balance.

Pay in 9 months, file in 12 for Corporation Tax.

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Replying to Paul Crowley:
RLI
By lionofludesch
14th Jul 2020 19:25

..

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blue sheep
By NH
14th Jul 2020 16:12

does anyone pay CT on time anymore?

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Psycho
By Wilson Philips
14th Jul 2020 16:48

Why do you say that they cannot use the 12-month accounts filing facility?

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RLI
By lionofludesch
14th Jul 2020 16:52

They've had twelve months to file the Corporation Tax Return for donkeys' years so, no, not really.

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My photo
By Matrix
14th Jul 2020 17:22

You don’t have to tell clients. I haven’t.

I am not going to say to them to ignore my chaser emails for info since there is another 3 months but they can pay estimated tax if they wish.

However I agree that you would need to have done most of the work to enable them to pay the exact tax on time, in which case you may aswell submit.

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