Barry Potter and David Roche discuss HMRC’s new guidance on mandatory online filing at the end of a company’s life
As most readers will be aware mandatory online filing of corporation tax returns was introduced for companies from 1 April 2011 for accounting periods ending after 31 March 2010 (Income & Corporation Taxes (Electronic Communications) Regulations SI 2003/282).
As part of these new provisions there are specific exemptions for companies in formal insolvency processes eg administration creditors’ voluntary liquidation etc (The Income and Corporation Taxes (Electronic Communications) (Amendment) Regulations SI 2009/3218 and 2010/2942).
Such exemptions recognise the inherent difficulties faced by these companies in complying with the online filing...
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