A company is required to file its corporation tax return within 12 months after the end of the accounting period that it covers. A penalty will be payable if the corporation tax return is filed late.
In the second instalment in Anthony’s Personal tax update we look at ISA’s, Capital Gains Tax and Personal Pensions.
There are going to be changes to the reporting requirements which are due to come into effect from 6 April 2020.
Anyone who has missed the deadline will automatically be issued with a £100 late penalty notice. Anthony talks about the penalties for late submission