First tax return new HMRC software!

Where fiorst accounting period > 1 year, the system default on HMRC gives one return

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Hi,

Company incorporated 6 Jan 2015, ARd is 31 Jan, so first accounts made up to 31 Jan 2016

On filing a tax return HMRC system tax period is 5/01/2015 to 31/12/2015 (so less than one year)

Nowhere does the system allow or ask to submit a second return for the period over one year, as was the case with the prvious .pdf style software.

Does anyone have any experience with this scenario in the new software?

TIA

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By HeavyMetalMike
23rd Jan 2017 19:07

I have no experience of this new HMRC software because I am a professional and pay top $ for commercial software.

Go on, you have a go, be a grown up and buy some work tools.

I thought it was no longer poss to use HMRC s/w for CT?

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Replying to HeavyMetalMike:
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By Cheshire
23rd Jan 2017 20:01

HeavyMetalMike wrote:

I thought it was no longer poss to use HMRC s/w for CT?

You can if you do for your own company Mike, although HMRC's response to any queries is 'speak to your Accountant' or 'get an Accountant'. I think even they have realised there is some value in what Accountants do! Just a shame not everyone does. Some folk just dont like paying for one but like to ask those same Accountants for free advice on here!!!

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paddle steamer
By DJKL
23rd Jan 2017 20:18

You appear to have your dates wrong.

If you started trading on 6/1/15 you would expect:

One CT600 for 6/1/15 to 5/1/16 (12 months)
One CT600 for 6/1/16 to 31/01/16 (balance period to your accounts end date)

You need to attach accounts for 6/1/15 to 31/1/16 to each

You need to apportion accounts figures by adjusting accounts profit into the two periods.

See HMRC guidance:

https://www.gov.uk/first-company-accounts-and-return/trading-from-set-up

Above assumes that the letter from HMRC outlining the basis periods has these dates.

Have you somehow changed your accounts date to 31/12/15?

You possibly ought to instruct an accountant.

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Replying to DJKL:
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By I'msorryIhaven'taclue
24th Jan 2017 10:04

DJKL wrote:

Above assumes that the letter from HMRC outlining the basis periods has these dates.

Have you somehow changed your accounts date to 31/12/15?

You possibly ought to instruct an accountant.


DJKL, I imagine the OP is acting as an accountant for what is a client company.
OP, start by digging out the CT41g and/or the letter from HMRC to check the relevant date that the company started trading; as well as the date to which accounts are to be made up. Better still, call the corporation tax line and ask for those dates - I've had the odd case where the Revenue held unexpected dates, possibly because they'd changed their dates to align with what had already been filed at Companies House.
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