COM33020 - Background: typical case examples: new company - CT41G not returned
A new company is incorporated, but does not comply with the normal requirement to provide necessary information. The example covers live APs, dormant (Word 28KB) periods and the use of the appropriate COTAX update functions.
The events are numbered chronologically, and identified as follows
- Business Event - Action taken or arising outside HMRC
- Automatic Event - Automatic COTAX action within HMRC
- Procedural Action - Action taken by an operator
Order & Type of Event |
Action(s) Taken |
1 (Business Event) |
Co B Ltd formed and registered with Companies House |
2 (Automatic Event) |
COTAX record for Co B Ltd set up from information provided by the data feed from Companies House |
3 (Automatic Event) |
COTAX - Assigns UTR number - Creates the first AP from the date of incorporation for 12 months And - A second from the day after the end of the above period to the Accounting Reference Date (Word 27KB)$attachments/accounting_ref_date.doc - Issues form CT41G for details of company, its directors and intended accounting date |
4 (Business Event) |
Company does not return CT41G and despite enquiries no further information is received |
Approximately 1 month after the first recorded AP ends |
|
|
|
5 (Automatic Event) |
COTAX - Issues a notice to deliver (Word 29KB)$attachments/notice_to_deliver.doc with payslip and envelope - Calculates the filing date (Word 42KB)$attachments/filing_date.doc - Records the specified period (Word 27KB)$attachments/specified_period.doc and the issue of the notice to deliver - Creates the next AP on the COTAX record |
Some time later.................. |
|
6 (Business Event) |
Co B Ltd sends a Nil return for the first 10 months from incorporation saying the company - Was dormant from incorporation - Commenced in business from month 11 And - Will make up regular annual accounts |
7 (Procedural Action or Automatic Event) |
If the company has submitted a paper return, a clerical caseworker - Logs the return, using Function LRTN (Log Return) - Captures it using Function CRTN (Capture Return) And - Records a Nil self assessment (Word 28KB)$attachments/self_assessment.doc on the final screen of Function CRTN If the company has submitted the return electronically - COTAX captures the details automatically and records the self assessment Note: Strictly there is no self assessment as the period covered by the return is not an AP, but no harm is done by recording a Nil self assessment in cases in which the return is delivered by the filing date |
For a list of forms relevant to this subject, see COM33011.
For a list of functions to use in particular situations, see COM33012.
For legislation applying to this subject, see COM33013.
