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Companies house data breach. Wed aug 06 2008 349 pm. If your late filing penalty occurred on or after 30 march 2020 you may be able to pay your late filing penalty online. 5 of tax due 300 depending on which is the greatest sum 12 months.
Follow peters advice and net off the accountants contribution of 500 against the penalty of 750 and disallow the balance of 250 in the tax computations. If your tax return is late three times in a row the 100 penalties are increased to 500 each. Are late filing penalties arising from companies house allowable as a deduction for against profits for corporation tax.
3 posts page 1 of 1. To make matters worse penalties arent even tax deductible expenses. Penalties are not deductible from the companys profits for tax purposes.
5 of tax due from that period. If your tax return is six months late hmrc will write telling you how much corporation tax they think you must pay. 5 of tax due.
A private companys set of acceptable accounts for the accounting period ending 30 september 2009 would need to be delivered by 30 june 2010 to avoid a late filing penalty. The fact that the accountant may or may not have caused the delay in filing is irrelevant. Late filing of rti submissions result in automatic hmrc penalties of 100 per late.
Post by lolar mon aug 18 2008 1103 pm. Money and tax. This is called a tax determination.
5 of tax due from that period. Filing your companies house information online. Late penalty calculator late filing penalty calculator.
So the current tax year is 6 april 2020 to 5 april 2021. You must pay the corporation tax due and file your tax return. Fines and penalties of any sort are not tax deductible except where your business pays them on behalf of an employee.
10 daily charge for the first 90 days. In this article youll find the full breakdown of all the late filing penalties and late payment fines which hmrc andor companies house may charge in case of any sort of non compliances. The self assessment tax year runs from 6 april to 5 april next year.
Apart from fees linked to reorganising share capital company admin costs for example fees for preparing and submitting documents to companies house etc are tax deductible.
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