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When a £100 penalty can become a £500 penalty!                

8/10/2015

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A cautionary tale for those companies who think that filing their corporation tax return late will only be liable for a £100 late filing penalty.......

When there are two consecutive late filings of corporation tax returns, the third late filing of a return will generate a £500 late filing penalty and not the "standard" £100 late filing penalty. 
These penalties can get even greater should the two consecutive late filings be more than 3 months after the due date.  In this case, the £200 late filing penalty increases to a massive £1,000 penalty.

An important time to ensure that these type of penalties don't creep up on you, is when your company starts out.  Often your first financial year-end is longer than 12 months, so there are automatically two tax returns required for the first financial year-end.  If both of these returns are late, you could potentially be looking at the £500 penalty for your next financial year!    ​
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Where are we?
Taxation and accounting services are based at our Devon office.
Treasury services are delivered throught the UK and we typically visit you at your premises at times and frequencies convenient to you.  We can visit you on a weekly, monthly or annual basis - it's up to you and your needs. We can also collect direct from you. 

Our values
Flexible: we can visit you on site, and collect from your door
Qualified: over 20 years professional experience
Simple: times and frequencies to suit you, no jargin
Value:  no fixed obligations or minimum contract
 
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Kadel Solutions Limited, Company Number 4493224, Registered Address 5 Castle Mount Offices, Victoria Place, Axminster, Devon, EX13 5NH



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