A company tax return must be submitted using HMRC’s Company Tax Return Form (CT600) or another approved method.

HMRC’s guidance titled ‘The Company Tax Return guide’, has recently been updated and explains:

• how to complete the Company Tax Return form (CT600); and
• what other information you need to include in your return.

Two sections of the notice, section 275 Trading losses of this or a later accounting period and section 280 Amounts carried back from later accounting periods have been updated. If there is missing information, this can delay the process or cause HMRC to reject a claim.

The submission must include the company’s self-assessment return alongside details of any trade and other losses such as capital losses. The accounts must be submitted using the iXBRL data standard. A Company Tax Return is not just form CT600. It also includes any supplementary pages, the company’s accounts and tax computations.

The statutory filing date to submit a company tax return is usually the later of 12 months after the end of the accounting period or 3 months after receiving a notice to deliver from HMRC. If a company delivers its Company Tax Return late it may be subject to a penalty.

Source: New feed