When is my company tax return due?

By

Chris Andreou

Contents

When is my company tax return due?When is my company tax return due?

The deadline for filing your company tax return is 12 months after the end of the accounting period it covers.

If you are a business owner in the UK, it is important to know when your company tax return is due. The process of filing a company tax return can be complex and time consuming, so it is important to know when it must be submitted to HMRC.

The due date for a company tax return depends on the type of business you have and the size of your company. Generally, the tax return must be filed within 12 months of the end of your company’s accounting period. This is the period of time that your company uses to calculate its profits and losses.

For most businesses, the accounting period is the same as the tax year. The tax year runs from 6 April to 5 April the following year. Therefore, if your company’s accounting period runs from 6 April 2020 to 5 April 2021, your company tax return must be filed by 6 April 2022.

If your company’s accounting period is different from the tax year, then the due date for your company tax return will be 12 months after the end of your accounting period. For example, if your accounting period runs from 1 January 2021 to 31 December 2021, your company tax return must be filed by 31 December 2022.

It is important to note that the due date for filing your company tax return may be earlier than the due date for paying your company’s taxes. HMRC will usually give you a deadline for paying your taxes that is earlier than the due date for filing your company tax return.

If you are a new business, you must register with HMRC within three months of starting your business. Once you have registered, HMRC will send you a notice to file a company tax return. This notice will give you the due date for filing your company tax return.

If you are a small business, you may be eligible for HMRC’s Simplified Cash Basis for calculating your company’s profits and losses. This means that your company tax return will be due nine months after the end of your company’s accounting period.

If you are a large business, you must use the traditional accruals basis for calculating your company’s profits and losses. This means that your company tax return will be due 12 months after the end of your company’s accounting period.

It is important to note that you may be charged a penalty if you fail to file your company tax return on time. HMRC can charge a penalty of up to £1,600 for late filing of a company tax return.

If you are unsure when your company tax return is due, it is important to contact HMRC as soon as possible. HMRC will be able to provide you with the exact due date for filing your company tax return and advise you on any other requirements you need to meet.

In conclusion, it is important to know when your company tax return is due. The due date depends on the type of business you have and the size of your company. Generally, the tax return must be filed within 12 months of the end of your company’s accounting period. If you are unsure when your company tax return is due, it is important to contact HMRC as soon as possible.

The deadline for filing your company tax return is 12 months after the end of the accounting period it covers.

Read more of our free business tax guides

Business accountant available for free consultation

Get a free accounting consultation

We'll walk through everything you need for starting or switching.