Company tax returns guidance updated
HMRC have issued the latest copy of their guide for completing a company tax return form (CT600). A company tax return must be submitted using HMRC’s company tax return form (CT600) or another approved method. The submission must include the company’s self-assessment return alongside details of any trade and other losses such as capital losses. For most companies, the company tax return for a period ending after 31 March 2010 will have to be delivered online if it is delivered on or after 31 March 2011.
The following must also be included with the return:
- Accounts drawn up under UK company law.
- Computations showing how the figures in the return have been calculated from the figures in the accounts.
- Other documents required under company law such as Directors’ and Auditors’ reports.
- All required supplementary pages such as for loans to participators in close companies and controlled foreign companies.
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.
There are two versions of the CT600 form:
- CT600 (Short) Company – Short Tax Return form – a four-page form. This form is suitable for most companies with straightforward tax affairs including small businesses and clubs.
- CT600 Company Tax Return form – an eight-page form.