Corporation Tax - Financial Year

[TRltd]

I have just recieved a letter from HMRC asking us to file a tax return for 2 March to 31 March 10. I already filed a tax return for March 09 to Feb 10. I looked this up on google and I do understand that this is because our financial year does not coincide with the 1 April to 31 March financial year.

However, what I am not sure about is how to actually do a return for 1 month - I was not aware of this, so all accounts are just done March - Feb and the year end for this is not done yet, so I am confused as to how I can pro rata this for one month.

Is this something that we will have to do every year or is there a way of changing our financial year to coincide with HMRC's?

Any advice would be greatly appreciated.

 

[CDB]

I have just recieved a letter from HMRC asking us to file a tax return for 2 March to 31 March 10. I already filed a tax return for March 09 to Feb 10. I looked this up on google and I do understand that this is because our financial year does not coincide with the 1 April to 31 March financial year.

However, what I am not sure about is how to actually do a return for 1 month - I was not aware of this, so all accounts are just done March - Feb and the year end for this is not done yet, so I am confused as to how I can pro rata this for one month.

Is this something that we will have to do every year or is there a way of changing our financial year to coincide with HMRC's?

Any advice would be greatly appreciated.

It sounds like you need to change your accounting periods with HMRC, not Companies House. Give your corporation tax office a call & they should be able to change your tax period to coincide with your next accounts.

 

[elaine@cheapaccounting]

our financial year does not coincide with the 1 April to 31 March financial year.

That is nothing to do with it.

The accounting date that HMRC will have will come from your completion of the CT41G - a form you would have completed when the company was first registered.

Sounds like you need to align the company house year end and the HMRC year end.


What is your Co House year end and what info did you put on your CT41 G?

You say that you did accounts to April and then say all accounts are just done March - Feb = confused :|:|:|

 

[MyAccountantOnline]

I have just recieved a letter from HMRC asking us to file a tax return for 2 March to 31 March 10. I already filed a tax return for March 09 to Feb 10. I looked this up on google and I do understand that this is because our financial year does not coincide with the 1 April to 31 March financial year.

However, what I am not sure about is how to actually do a return for 1 month - I was not aware of this, so all accounts are just done March - Feb and the year end for this is not done yet, so I am confused as to how I can pro rata this for one month.

Is this something that we will have to do every year or is there a way of changing our financial year to coincide with HMRC's?

Any advice would be greatly appreciated.

If you've already prepared accounts and a tax return to February 2010 I'd simply write to HMRC and tell them that the period end is February.

I'm surprised they are asking for a Return when they will have already received one from you:|:|