Corporation tax late filing penalties
Corporation Tax is payable nine months after the Corporation Tax return period end and interest is charged after that date. Penalties are charged for form CT600 Company Tax Return filed later than a year after the Corporation Tax return period end. Penalties are:
Up to three months late £100; payment is demanded when the deadline is passed.
More than 3 months but not more than 6 months £200
More than 6 months but not more than 24 months £200 + 10% of Corp Tax
More than 24 months £200 + 20% of Corp Tax
Percentage geared penalties will be calculated by estimates of tax when the deadline is passed and adjusted to actual when the CT600 and accounts are filed.
Where the Corporation Tax return is late for a third consecutive year:
Up to three months late the figure of £100 is increased to £500.
More than 3 months late the figure of £200 is increased to £1,000.
See tax treatment See Penalties on this page index
Penalties still apply where the company is dormant or where there is no tax payable.