CTM35110 - Income Tax: collection of tax on annual payments: return periods

ICTA88/SCH16/PARA2

A company is required to make returns under Schedule 16 for each return period. A return period is a period:

• of up to 3 months,
• starting at the beginning of the accounting period, or after the end of a previous return period in that accounting period,
• ending on 31 March, 30 June, 30 September, 31 December or at the end of the accounting period.

Example

A company draws up its accounts to 31 May annually. The return periods are:

A return is required for every return period in which it makes a relevant payment. As regards relevant payments not made in an accounting period see CTM35140.

Returns are due within 14 days from the end of the return period.