Beckingtons
01904 690188
This email address is being protected from spambots. You need JavaScript enabled to view it.

Search News


Corporation Tax online filing

Source: HM Revenue & Customs | | 07/06/2017

Company Tax returns have to be filed using the iXBRL data standard using either HMRC's own software or third-party commercial software. Businesses that use third-party commercial software should refer to the HMRC list of recognised commercial software.

Online Corporation Tax filing is compulsory for company tax returns. HMRC does not make any specific recommendation or endorsement for any software companies nor does it provide any support for commercial software. 

HMRC’s offers a free online service for filing your Company Tax returns. The service is designed for unrepresented limited companies, charities, community amateur sports clubs, members clubs or other unincorporated organisations and community interest companies with straight forward tax affairs.

The list of exceptions from using the free service has recently been updated and now includes the following:

  • Accounts require an audit or have been audited
  • Turnover is above £632,000 per year or charity turnover above £6.5 million per year
  • Corporation tax is paid in instalments
  • Company is part of a group
  • Companies not registered in the UK
  • Company is in liquidation or receivership
  • Insurance companies (except independent insurance brokers)
  • Investment companies
  • Credit union companies
  • Commercial property management companies
  • The Corporation Tax accounting period for the return is covered by more than one set of statutory accounts
  • Where a claim for a repayment of a loan to a participator is made more than 9 months after the end of the accounting period.


 

Latest News

Beware sting in VAT Annual Accounting Scheme
22/05/2018 - More...
The VAT annual accounting scheme is open to most businesses with a turnover of up to £1.35m per year. The main benefits

Give now pay later – what are the settlement rules?
22/05/2018 - More...
The settlement rules are intended to prevent an individual from gaining a tax advantage by making arrangements that

Company van use – the tax consequences
22/05/2018 - More...
There are a number of tax consequences to be aware when employees are provided with company vans and fuel. A company van

Newsletter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login

 

 

Copyright © 2018 - Beckingtons Limited | Beckingtons Limited | Registered in England & Wales | Registered No. 4671864 | Registered Office 2 Clifton Moor Business Village, James Nicolson Link, York, YO30 4XG | VAT Registration No. 721561752

Cookie Policy