HMRC CT rounding up or down

[MhJ]

Hi,


I submitted the companies house account separately and I am now doing the tax return for my LTD. I need to know make sure that the info on return matches what I submitted to companies house. My mistake is that I did not round the amounts correctly with companies house. Now if I declare following the companies house, I will need to write round the tax down while it should be up I think. So will HMRC system alert or something for this? Like actual calculation is: tax £82.27, and I calculated the liabilities for companies house in base of £82 of tax, like rounding it down. But I realised now doing the tax return that it should have been 83. I saw some where that you should round up for expense and down for income, even though I cant find it exact for CT.

Any thoughts? I think they will not care, but any way what would be the best action?

Next year I will round first my actual calculations instead.


Thanks

 

[Scalloway]

I don't think HMRC will be worried about a rounding error of that size.

 

[Ziggy2024]

Hi,


I submitted the companies house account separately and I am now doing the tax return for my LTD. I need to know make sure that the info on return matches what I submitted to companies house. My mistake is that I did not round the amounts correctly with companies house. Now if I declare following the companies house, I will need to write round the tax down while it should be up I think. So will HMRC system alert or something for this? Like actual calculation is: tax £82.27, and I calculated the liabilities for companies house in base of £82 of tax, like rounding it down. But I realised now doing the tax return that it should have been 83. I saw some where that you should round up for expense and down for income, even though I cant find it exact for CT.

Any thoughts? I think they will not care, but any way what would be the best action?

Next year I will round first my actual calculations instead.


Thanks

The tax in the accounts is a provision only so is not always exact so no need to worry. File your CT return and pay the amount calculated, nothing else needed.