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Shortened company accounts / when is CT deadline

I have shortened the company accounting year from end Jan to end Dec

I have shortened my company accounting 'year' to 11 months ending December 2016.

Stat accounts filed by the end of September 17.

Did the deadline for filing the CT shorten as well to December (in which case I am a bit stuffed, as I just filed it now) - or is it still the end of Jan, given that HMRC were expecting tue AP to end Jan 17?

Thanks,

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17th Jan 2018 06:32

employ an accountant

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By tom123
to The Innkeeper
17th Jan 2018 06:55

I am one :)

Thanks (6)
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to The Innkeeper
17th Jan 2018 09:21

Might be worth looking at tom123's profile before posting idiotic stuff like that.

Thanks (7)
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to thegreatgrumbleduke
17th Jan 2018 09:43

I have now and he says he is ATT . With respect I think he should then know the answer

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to The Innkeeper
17th Jan 2018 10:14

He's still a regular and valued contributor to the forum.

Everybody c0cks up occasionally. Especially in uncommon situations.

Thanks (4)
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17th Jan 2018 07:01

patently not in practice

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By tom123
to The Innkeeper
17th Jan 2018 07:11

As it happens, no. There are other sorts you know..

This is for a simple home trading business / t/o £1k.

Thanks (3)
By Ruddles
to tom123
17th Jan 2018 08:24

CT600 deadline follows the end of the period of the account. So, if you have brought forward the end of the period of account ...

As an aside, why on earth is a business with T/O of £1k operating through a company?

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By tom123
to Ruddles
17th Jan 2018 08:59

Well, it only costs me £15 a year to run..

And I do company accounts quite happily in the 'day job'

(if we ignore penalties I have walked into..)

(tax savings vs HR payer etc)

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to tom123
17th Jan 2018 09:31

£15 ?

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By DJKL
to lionofludesch
17th Jan 2018 09:56

Yep, wonder what Tom would pay to someone who could cut his overheads by 13.33%.

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to DJKL
17th Jan 2018 09:58

[chuckle]

He's having a bad day.

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to DJKL
17th Jan 2018 10:38

Offer to split the difference, see what happens

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By tom123
to lionofludesch
17th Jan 2018 11:29

ha ha -

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By zebaa
to Ruddles
17th Jan 2018 16:59

Quote:
'As an aside, why on earth is a business with T/O of £1k operating through a company?'

It costs little, but it gives separation from what otherwise might be extra information on the SA. Also if there is some sort of [***]-up its easy to let a company go. Who is going to litigate against a 1K t/o Co ?

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17th Jan 2018 10:36

Sorry ...

“Changing your company’s year end at Companies House will normally affect your company’s accounting period for Corporation Tax.”

https://www.gov.uk/change-your-companys-year-end

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By tom123
17th Jan 2018 11:28

I am happy to post a CV if it helps.
Yes - I am ATT,
Yes - I could have used Google -
Yes - I could have subscribed to any number of publications.

But then, that would mean there is no need for Any Answers.

ATT fits my FD role quite happily. Our auditors do our tax.

I do not consider myself a risk to the public.

Thanks everyone, I will suck up the penalty.

Thanks (5)
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18th Jan 2018 10:46

I think some of the above comments are a little unfair, as the rules for filing a CT return are not as straightforward as one might think.....although the information above suggests that the answer is the same!

Assuming it is not the company's first period, then yes the deadline also moves to 31 December 2017......but in my opinion that doesn't necessarily mean a penalty had you done things slightly differently!

I believe the timeline is key here. Your original deadline to file the accounts was presumably 31 October 2017. So, had you filed your change of year-end notice on say 30 October 2017, you would have had until 30 January 2018 to file your accounts, and therefore FA98 sch 18 para 19 should keep you penalty free! The fact you filed the accounts in September would suggest that you filed the change of year-end notice before the end of September, in which case you'd only have had until December to file your accounts, so no get out on the CT penalty.

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By Ruddles
to Richard061083
18th Jan 2018 13:57

That's a very good point. Like you, I had assumed that the notice to shorten had been filed before 30 September, but that's not necessarily the case. So, I'm guilty of the same crime of which I'm prone to accuse others - making unstated assumptions.

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By Fitzz
18th Jan 2018 12:33

I think you're stuffed Tom.

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