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Corporation Tax

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    #11
    Originally posted by Stevie Wonder Boy
    Ask your accountant and be clear about what you want to know. It's 9 months after your accounting year end date. Most normal people set the year end to last day of the month. So your companies corporation tax will come due 9 months later on the 1st of the month. Percentages vary depending on the tax year and earnings level.

    You do have an accountant?
    Yes but my accountant's crap, hence my questions are directed here.

    What do you mean by accounting year end?

    I know tax year starts 6th April to 5th April but if I started my company on 20th Jan 2014, when is accounting year end? Will it be 19th Jan 2015, 5th April 2014 or another date?

    Thanks

    Comment


      #12
      Originally posted by smileyface View Post
      Yes but my accountant's crap, hence my questions are directed here.

      What do you mean by accounting year end?
      Change your accountant, seriously. And quickly, seriously.....

      Comment


        #13
        Originally posted by smileyface View Post
        Yes but my accountant's crap, hence my questions are directed here.

        What do you mean by accounting year end?

        I know tax year starts 6th April to 5th April but if I started my company on 20th Jan 2014, when is accounting year end? Will it be 19th Jan 2015, 5th April 2014 or another date?

        Thanks
        Even the crappest accountant doing your books will be able to tell you when your company tax year ends. Just ask him. Honestly, it's that simple.

        Comment


          #14
          Originally posted by smileyface View Post
          Yes but my accountant's crap, hence my questions are directed here.

          What do you mean by accounting year end?

          I know tax year starts 6th April to 5th April but if I started my company on 20th Jan 2014, when is accounting year end? Will it be 19th Jan 2015, 5th April 2014 or another date?

          Thanks
          It's public info.

          Companies House WebCHeck

          While you're there set up a WebCheck account to mail you when returns get filed.

          And bookmark the following link with NNNNNNNN replaced by YourCo's no.

          http://data.companieshouse.gov.uk/doc/company/NNNNNNNN

          Comment


            #15
            Originally posted by Doggy Styles View Post
            Even the crappest accountant doing your books will be able to tell you when your company tax year ends. Just ask him. Honestly, it's that simple.
            He is his Accountant.
            I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).

            Comment


              #16
              What, you mean I should have been paying another tax as well as the VAT?

              Why didn't someone tell me?
              Who can I sue?

              Will HMRC let me off if I phone them and say I had a deprived upbringing?

              Accountants, Huh, what are they good for?

              P.S. Can I claim for a new washing machine as I use it to wash my work clothes?

              Comment


                #17
                Originally posted by Stevie Wonder Boy
                You can change it ... why not go for the 1st of April. You could sync it with your VAT quarter as well. Why not go for a mid month year end date just to make your accounting more fun.
                Make it 29th February and you only have to pay every four years.
                Will work inside IR35. Or for food.

                Comment


                  #18
                  Mine is the Eleventeenth of Decembeard
                  I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).

                  Comment


                    #19
                    Originally posted by ctdctd View Post
                    What, you mean I should have been paying another tax as well as the VAT?

                    Why didn't someone tell me?
                    Who can I sue?

                    Will HMRC let me off if I phone them and say I had a deprived upbringing?

                    Accountants, Huh, what are they good for?

                    P.S. Can I claim for a new washing machine as I use it to wash my work clothes?
                    You mean I have to pay the VAT I collect to someone
                    merely at clientco for the entertainment

                    Comment

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