Ltd Company Filing Duties

[nitro23456]

Can someone confirm to me if the below is correct and if I have forgotten anything please?:

Company formed 02/02/2010

Therefore......
Accounting Reference Date = 28/02
Next Return Due: 02/03/2011
Next Accounts Due: 02/11/2011 i.e. 1year 9months
Also where does' HMRC accounts due' fit in to this timescale?

Is there anything else?

[Ray Coman]

Corporation tax is due 9 months and one day after the end of the accounting period

[elainec100@cheapaccounting]

To clarify:

You will have 2 CT returns for your first accounting period.

02/02/10 to 01/02/11 - CT due 02/11/11
02/02/11 to 28/02/11 - CT due 02/12/11

[Ray Coman]

Unless your company was dormant from 02/02/2010 to 28/02/2010

[elainec100@cheapaccounting]

Ok to stop pedantic comments - I will add ....

This assumes that the company started to trade on the date it was formed :rolleyes::p

[Atilla]

To clarify:

You will have 2 CT returns for your first accounting period.

02/02/10 to 01/02/11 - CT due 02/11/11
02/02/11 to 28/02/11 - CT due 02/12/11
Some relevance to me with this also, albeit with a company registered but currently dormant until required.
Puzzled by the above.

[elainec100@cheapaccounting]

Puzzled by the above.

why puzzled:|:|:|

As I said assumes co has traded from date of registration.

CT return can only cover 1 year

[Ray Coman]

It is a rather inconvenient aspect of the system that often if you form a company part way through a month, your first two accounting periods will not be twelve months. However, your first accounting period is nearly twelve months so your deadlines are not affected significantly. A bit more paperwork may be involved in this respect for your first year.

Your company starting to trade triggers the start of a new accounting period.

[nitro23456]

....... and then after that it would be 12 monthly?

as in 28/02/2011 - 27/02/2012 (due on 02/12/2012) and so on/so forth?

What do HMRC require different from the aboves?

[elainec100@cheapaccounting]

12 months would be 01/03/11 to 28/02/12

So it then aligns to co house.

[Ray Coman]

Generally an accounting period is twleve months from the end of the last accounting period, however it will be shorter where for instance, the company ceases to trade, ceases to be UK resident or goes into administration or liquidation.

HMRC require a Corporation tax return, calculation and accompanying accounts 9 months after the end of the accounting period. Your year end is February; the payment deadline is therefore normally 1 December each year.