Extending 1st Accounting Period

katy123

We want to synchronise the corporation tax and accounting period. We incorporated 23/04/18 and the default accounting end date is 30/04/19. Am I right in saying that we should amend via webfiling/AA01 and change the accounting reference date to 22/10/19 which is the maximum 18 month period? We are due to start trading on 22/10/18 which coincidentally is exactly 6 months from the date we incorporated.

or perhaps the end date should be 30/09/19? I've noticed that most accounting ref date is month end.

katy123

not yet, why?

Maz4501

You can not extend the first accounting period with companies house. As for the corporation tax period, HMRC breaks this into two separate CT600 filings for the first year. In your case that would be 23/04/2019 (365days) and 30/04/2019 (7days).

The filing software takes into account difference in periods automatically, nothing to worry about.

Let me know if you have any further questions, I do this almost every day.

Pennywise

Maz4501 wrote: »

You can not extend the first accounting period with companies house.

Yes you can.