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Posted Tue, 10 May 2022 13:21:08 GMT by andy medley
Good afternoon, I recently set up a new LTD company as a side hustle, the company was incorporated in 1st February 2021 (I paid a company 35 pounds to incorporate it) and I notified HMRC that I was expecting to start trading in March 2021, but unfortunately a death of a close family meant it was delayed, that I actually started trading in June 2022. So my question is, if my annual accounts period is From 1st February 2021 to 28th Feb 2022, is it correct that my corporation tax period dates are 1st February 2021 - 1st February 2022, then I submit another ct600 for the dates 1st Feb 2022 to 28th Feb 2022? Thank you for your time.
Posted Wed, 11 May 2022 12:49:32 GMT by andy medley
Hi, Is anyone able to help me with my question? Thanks!
Posted Thu, 19 May 2022 16:23:38 GMT by HMRC Admin 10
Hi
There would be a couple of options here depending on whether you wish to keep the dates with Companies House, usually if you had incorporated on 1 Feb 2021 your first set of accounts would run from 01/02/2021 to 31/01/2022, then 01/02/2022 to 31/01/2023 etc.
You can however change your dates with Companies House and with Corporation tax to fall into when you started trading, you would need to contact both Companies House and HMRC.
For instance if you commenced trading at 01/06/2022 your first accounts could run from 01/06/2022 to 31/05/2023.
I would suggest you contact our helpline on 0300 200 3410 to discuss so that we can update the records, and talk you through your options.
Thankyou.
Regards.
Posted Wed, 01 Jun 2022 12:17:52 GMT by andy medley
Thank you for your response, My first set of accounts run from 01/02/2021 to 31/01/2022, then 01/02/2022 to 31/01/2023 etc. So in this case, is it fine that my CT600 first period for corporation tax runs from 01/02/2021 to 31/01/2022, even though I started trading on the 01/06/2022? So that my first CT600 covers the entire period from incorporation of the company, would that be correct?
Posted Tue, 07 Jun 2022 07:27:19 GMT by HMRC Admin 19
Hi,

Your original question implied that the company accounts are made up to 28 February each year (this is known as the accounting reference date).

The information now provided suggests the company's accounting reference date is 31 January each year. If this has been changed at Companies House, you must notify us so the company’s Corporation Tax record can be updated accordingly. You can find guidance on what to do if you started trading after your company was set up can be found on here:

Your limited company's first accounts and Company Tax Return

Thank you.
Posted Wed, 08 Jun 2022 22:19:39 GMT by andy medley
Hi sorry, my original post is correct, the company accounts are made up to 28 February each year. The link you sent me suggested that if I registered for corporation tax after I started trading but before the accounting reference date, I should file a return for the peroid I was dormant, so from 01/02/2021 to 01/06/2021, then another one from 02/06/2021 to 28/02/2022. But If I registered for corporation tax before I started trading itself, is it okay to file CT600 for 01/02/2021 - 31/01/2022 then 01/02/2022 - 28/02/2022 as CT600 cannot cover more than 12 months?
Posted Mon, 13 Jun 2022 12:35:45 GMT by HMRC Admin 17

Hi,
 
Correct,  a CT600 cannot cover a period of more than 12 months and you should file two returns if
your period of account is more than 12 months.

In the circumstances you have outlined it is ok to file a CT600 for the period 01/02/2021-31/01/2022 and 
another for the period 01/02/2022 - 28/02/2022   .

Thank you.

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