Did you know the penalties for Late filing of your CT600 ?

A company tax return is also called a CT600 and if this isn’t submitted on time you will be charged a penalty. The penalty’s are as follows;

  • 1 Day late = £100
  • 3 months late = another £100
  • 6 months = HMRC estimate the company’s Corporation Tax bill and add a penalty of 10% of the unpaid tax
  • 12 months = Another 10% of any unpaid tax

If the tax return is late 3 times in a row the £100 penalties are increased to £500 each.

If your company needs its CT600 completing contact the office to set up a meeting and we can get this finalised.

What is a CT600 ?

Simply put, a CT600, otherwise referred to as a Company Tax Return, is the filing required to pay tax on your earnings. From small businesses to larger corporate firms, this tax payment is required and is referred to as corporation tax. The deadline for submitting your CT600 to HMRC is 12 months after the end of the accounting period covered by the return. This is very often the same as the financial year covered by your annual accounts but can vary if it your business’ first year of trading.