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.
One of the main money earners for the Exchequer which was announced in the Spring Budget was the increase in the rate of corporation tax for companies for periods after 1 April 2023.
IR35 has been in the news a fair amount recently, mainly due to the anticipated changes which the government are due to bring in, effective from 6 April 2020.
HMRC have revealed that the amount of capital gains tax and inheritance tax collected in 2018/19 hit record levels.
There are going to be changes to the reporting requirements which are due to come into effect from 6 April 2020.