Originally posted by aztec
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Late payment of corp tax
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Late payment of corp tax"
Collapse
-
-
Do I call or write to the corp tax office telling them I am unable to pay but will do so in a next 1-2 months in installment telling them the actual amount due or should I just wait for them to ask me for the money (I would anyway pay up when I get the money in the next month or so) ?
My returns will be on time as I am working on them alongwith companies house returns by June end.
Thanks for your reply and any more advice will be appreciated.
Leave a comment:
-
Originally posted by aztecI have to pay my corp tax in 2 days and unfortunately don't have the money in my account. I had to take the money out some months ago for personal reasons( as loan to director) and was in contract then and assumed would be able to put it back before it was due. My contract was terminated early as the work was completed and no contract came by early enough to put the money back. I have always heard of penalties for paying late....but what are the penalties? I am due some money on invoices in 15 days and may be able to pay then.
Second problem is I haven't calculated the final exact figure as I am just in the process of doing my year end accounts. If I manage to find the money to pay can I overpay by some amount and claim that back when I submit the CT returns?
If you do overpay, the Revenue will refund you the overpaid amount (plus interest!) once you've got the Returns in and they have been agreed.
Leave a comment:
-
Late payment of corp tax
I have to pay my corp tax in 2 days and unfortunately don't have the money in my account. I had to take the money out some months ago for personal reasons( as loan to director) and was in contract then and assumed would be able to put it back before it was due. My contract was terminated early as the work was completed and no contract came by early enough to put the money back. I have always heard of penalties for paying late....but what are the penalties? I am due some money on invoices in 15 days and may be able to pay then.
Second problem is I haven't calculated the final exact figure as I am just in the process of doing my year end accounts. If I manage to find the money to pay can I overpay by some amount and claim that back when I submit the CT returns?Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: