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CT600 issue for periods ending after 31/03/2020

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Apologies if this has been posted already. I tried to submit a CT600 for a company whose period ended on 30/04/2020 and received an error :"The period to which this Return's Computation applies does not coincide with the effective from/to dates of the referenced Computation Taxonomy. Please correct and re-submit." This means that any calculation for this period using the correct 19% Corporation Tax rate will be rejected.

Taxfiler support have informed me that no CT600 returns that cover accounting periods that end on or after 01/04/2020 can be filed at present - I am not sure if the issue persists for other software but presume so. HMRC have indicated that their fix will not be in place until the second week of July 2020.

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RLI
By lionofludesch
14th May 2020 11:14

I've heard of this problem before. I believe it's to do with HMRC not updating sharp enough.

They're busy at the moment. Cut them some slack and file later. Nearly a year before the deadline.

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By ireallyshouldknowthisbut
14th May 2020 11:29

Its not HMRC.

We have filed March year ends for several clients.

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Replying to ireallyshouldknowthisbut:
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By bettybobbymeggie
14th May 2020 11:32

It is 1/4/20 and after.

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RLI
By lionofludesch
14th May 2020 11:35

New calendar required there, Ireally.

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By ireallyshouldknowthisbut
14th May 2020 11:53

New eyes, brain, etc etc.

Teach me to post whilst waiting for a client to rummage about finding something.

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Replying to ireallyshouldknowthisbut:
panda ketteringUK
By ketteringUK
14th May 2020 21:04

Actually it's to do with year-end ending in 1st of April or after. Hmrc expects to fix their software/API by July. Hmrc system expects 17% for the period ending in 1stb of April. Of course there was late budget this year and 19% remained.
We have nearly a dozen 5th of April cis ltd and few cessations waiting to be filed.

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By GW
14th May 2020 11:52

This happens most years as HMRC don't amend tax rates etc until after the finance act is passed.

This year they had already set up the drop in Corpration tax which now isn't happening an therefore needs to be reversed. The website says until the system is updated you can only file CT600's with a date past 31st March where there is no tax liability. As Lion says they are a bit busy with other things at the moment. Would you rather file the CT600 11 months before the deadline, or receive furlough & SEISS payments?

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By bettybobbymeggie
14th May 2020 12:12

Blimey, relax! I posted as a heads up in case others had similar issues and wanted to know why.

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By LFM
14th May 2020 12:17

I tried the same for a 30/04/20 year end and no CT liability and got same message

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By bettybobbymeggie
14th May 2020 12:28

Me too. Small loss brought and carried forward. I'll tell the client to stop being so keen and that I'll be in touch in 11 months after which I will deal with his DS01.

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By Matrix
14th May 2020 12:34

You could always put it in the post with a cover letter saying all the tax is up to date and then submit the DS01.

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By ComanCo
03rd Jul 2020 10:38

I just tried to contacting HMRC to ask where this issue is reported on their website. The agent found an internal link but I could not find it on the published website. Has anyone found a link on the HMRC website as I have a client chasing a refund from April?

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By ComanCo
03rd Jul 2020 10:38

I just tried to contacting HMRC to ask where this issue is reported on their website. The agent found an internal link but I could not find it on the published website. Has anyone found a link on the HMRC website as I have a client chasing a refund from April?

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By Matrix
03rd Jul 2020 10:41

You can file it now.

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By ComanCo
03rd Jul 2020 12:24

I have tried the Company Tax Return again today and it has gone through; so it has been sorted out now.

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By ComanCo
03rd Jul 2020 12:55

The refund one went through OK, but other CT600s still not filing. According to my software provider the HMRC government gateway is not opening until 13th July.

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By Matrix
03rd Jul 2020 13:04

Well maybe check again because mine went through and I have just checked and the tax payable is showing in online services.

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By ComanCo
03rd Jul 2020 13:13

Do you mind me asking whether you were using a software or the HMRC gateway. Perhaps my software provider are palming me off

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By Matrix
03rd Jul 2020 13:16

Taxfiler

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By ComanCo
03rd Jul 2020 13:54

Thanks. My software provider need to pull their socks up it seems.

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By bettybobbymeggie
03rd Jul 2020 13:14

I have just tried one that I have been waiting to file (30th April y/e) and it got rejected with the same error, that Taxfiler support previously told me was due to the rate change not being setup correctly in HMRC systems: "The period to which this Return's Computation applies does not coincide with the effective from/to dates of the referenced Computation Taxonomy. Please correct and re-submit."

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Replying to ComanCo:
RLI
By lionofludesch
03rd Jul 2020 10:46

ComanCo wrote:

I just tried to contacting HMRC to ask where this issue is reported on their website. The agent found an internal link but I could not find it on the published website. Has anyone found a link on the HMRC website as I have a client chasing a refund from April?

Of course, before computers, reneging on a rate change would have been no problem.

And I'm not sure something so simple should've taken three months - even with Covid-19 on the go. Delete 7, insert 9, isn't it ?

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By bettybobbymeggie
03rd Jul 2020 14:02

Are you no longer willing to cut them any slack?

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By ComanCo
03rd Jul 2020 14:15

bettybobbymeggie wrote:

Are you no longer willing to cut them any slack?


I am not sure to whom or about what this question is directed. The HMRC system is outside of my control. Getting upset about that would not lead me to any gain

My provider should be making it an immediate priority. It looks like they are behind their competitors on this update.

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By bettybobbymeggie
03rd Jul 2020 14:46

It was directed at lionofthingymajig and was a dreadful attempt at humour for which I apologise profusely.

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Replying to bettybobbymeggie:
RLI
By lionofludesch
03rd Jul 2020 15:17

bettybobbymeggie wrote:

It was directed at lionofthingymajig and was a dreadful attempt at humour for which I apologise profusely.

Who ? Me ?

No, I never cut HMRC any slack. They are my opponents.

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By bettybobbymeggie
04th Jul 2020 09:50

lionofludesch wrote:
Cut them some slack and file later. Nearly a year before the deadline

Just quoting, like

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Replying to bettybobbymeggie:
RLI
By lionofludesch
04th Jul 2020 10:13

bettybobbymeggie wrote:

lionofludesch wrote: Cut them some slack and file later. Nearly a year before the deadline

Just quoting, like

[chuckle]

Still, three months is over the top, is it not ?

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By thestudyman
03rd Jul 2020 20:03

Apologies if I misunderstood, but you need to phone HMRC and ask them to change their period of account on their records so it aligns with the company year end. I'm pretty sure there is no option to change it on the digital tax account.

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RLI
By lionofludesch
03rd Jul 2020 20:17

I've never had to do that.

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By bettybobbymeggie
04th Jul 2020 09:48

Thanks for your reply. I'm afraid you have misunderstood: the dates align already. The issue here is with HMRC. This is what my software support team told me on 14th May:

"We have identified an issue with the HMRC validation which was coded to allow for the new 17% CT rate for periods ending on or after 1 April 2020, but which is no longer the case.
This means that any calculation for this period using the correct 19% Corporation Tax rate will be rejected. We are using the correct rate of tax and the figures shown on the computation is correct.

Unfortunately there is nothing that we can do to resolve this while we await HMRC's correction to their software.

HMRC have advised that unless necessary, no CT600 returns that cover this accounting period should be filed currently. They are suggesting that this is to be updated in the CT600 by the second week of July"

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By [email protected]
13th Jul 2020 10:50

Hi bettybobbymeggie,
I've had a similar problem.
It is for a cessation of a company, so to the client, yes important.

Anyone seen any updates on this?

Seen some of the responses, and I'm not bothered about any nonsense of HMRC focusing on furlough etc. Not helpful at all.

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By ComanCo
13th Jul 2020 11:36

My software provider has fixed this now

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By bettybobbymeggie
13th Jul 2020 15:27

My understanding (from Taxfiler support) is that the fix needs to come from HMRC. As of this morning I cannot submit any CT600s for periods ending after 1st April 2020.

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By barberbuzz
01st Aug 2020 15:37

I still cant submit year ends after 31 March 2020. I dont mind cutting HMRC some slack. But am just concerned in case the issue is with my software as others have said they can submit now.

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By Paul Crowley
01st Aug 2020 16:25

We have submitted. April year end on 29 June 2020
We use the much too expensive IRIS

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By barberbuzz
02nd Aug 2020 15:39

Thanks. That's odd if you use Iris too but not had same problem.
Unless your CT Return didn't show any tax due.
Presume it only flags the error where there is a tax liability.

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By Paul Crowley
02nd Aug 2020 22:27

Tax was due, I have checked HMRC website and the tax due shows up on the correct year.

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By barberbuzz
01st Aug 2020 16:37

Maybe its the software then. I use Iris and have the most recent upgrade. Have regenerated the Returns but still get error message to do with the tax rate.
Mmph. Have messaged Iris

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By barberbuzz
03rd Aug 2020 11:49

I heard from Iris and although the software still shows an error message for year ends after 31 March 20, they say to go ahead and submit anyway and should work. I have just filed two which say accepted so presume they transmitted OK

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Psycho
By Wilson Philips
01st Aug 2020 17:45

Not a response - just pushing the spam posts off the page

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