Corporation Tax returns
Every Limited Companies should submit a Company Tax Return (CT600) and Company Statutory Accounts to Customs and the HM Revenue. This should include how Corporation Tax was calculated, including a Profit & Loss Account which is different to your Profit & Loss account for statutory accounts. Asking for advice from a qualified accountant is the best way to help reduce corporation tax for your business.
Private Limited Companies (LTD) have different deadline regulations compared to Public Limited Companies. Both depend on the date of your Company’s accounting reference (also known as the year end date). Once your company is first incorporated, the date of this day is automatically set as the first anniversary of the last day of the month in which you formed the company-this does not change.
If we take a look at an example: if a company is formed on the 2nd of April 2019, then the automatic accounting reference date would be, 31st April 2020. The following reporting date would then be 31st April 2021