Annual accounts
8 questions
Taxpedia
The standing answers. Each entry answers one question, says who it applies to, and shows the official source it rests on.
Corporation Tax
9 questions
Expenses and allowances
6 questions
Confirmation statements
3 questions
Deadlines and penalties
3 questions
How items appear in your accounts
16 questions
When things are due
The questions about dates, in the order they come up for a new company.
See a filing calendarWhen do I have to tell HMRC my company is active?
When the 3 months to tell HMRC start, what counts as active, and the second 12-month deadline.
When are my first accounts due at Companies House?
How to work out the deadline for your company's first accounts, and what changes if you shorten or extend the first period.
When are my annual accounts due each year?
How to work out your accounts deadline to the day, what counts as filed, and when you can get more time.
When do I pay Corporation Tax?
The date your company's Corporation Tax is due, how to count it, and what happens at weekends.
When is my CT600 due, and what goes with it?
The deadline for your Corporation Tax return, when it can be later, and what the return must include.
What is a confirmation statement and when is mine due?
What a confirmation statement confirms, how the 12-month review period works, and when yours is due.
Every question, by topic
Every answer in Taxpedia, listed under its topic. Pick your question to read the answer.
Annual accounts
Which accounts your company files, what goes in them, and how they reach Companies House.
8 questions
- Is my company a micro-entity?
- What is the difference between micro-entity and small company accounts?
- What are dormant company accounts and who can file them?
- Which accounting standard applies to my company?
- What do micro-entity accounts have to contain?
- What is the audit exemption and what must I state to claim it?
- When are my annual accounts due each year?
- When are my first accounts due at Companies House?
Corporation Tax
How the tax on your company's profits is worked out, reported and paid.
9 questions
- When do I have to tell HMRC my company is active?
- Is my company dormant for Corporation Tax, for Companies House, or both?
- What rate of Corporation Tax does my company pay?
- What happens if my accounting period crosses 1 April?
- How does marginal relief work?
- What is my Corporation Tax accounting period, and why can it differ from my accounts?
- When is my CT600 due, and what goes with it?
- When do I pay Corporation Tax?
- Does owning another company change my Corporation Tax?
Expenses and allowances
What your company can deduct, and what you can claim as a director.
6 questions
- Which expenses can my company deduct?
- What is the difference between revenue and capital spending?
- Can my company claim for a laptop, phone or home office?
- What is the Annual Investment Allowance and how do I claim it?
- What is full expensing and does it help a small company?
- Can my company deduct my own salary and pension contributions?
Confirmation statements
What the statement confirms, what to check, and when it is due.
3 questions
Deadlines and penalties
The main filing and payment deadlines, and what happens if one is missed.
3 questions
How items appear in your accounts
Part of Annual accounts: how each kind of item is shown in a micro-entity's accounts, one item at a time.
16 questions
- Can my company use the micro-entity accounting rules, or should it use the small company rules?
- What must a micro-entity's balance sheet, profit and loss account and notes contain?
- How are a micro-entity's fixed assets measured, and can it revalue them?
- How should a micro-entity account for intangible assets and goodwill?
- How do I value my company's stock and unfinished work?
- How do I show money customers owe, bad debts and provisions?
- How do accruals and prepayments work in my company's accounts?
- How do I show a loan between my company and me in the accounts?
- How do I show a lease in my company's accounts?
- How do I show a government grant in my company's accounts?
- Why do micro-entity accounts show no deferred tax?
- How do dividends show in my accounts, and how much can my company pay?
- Does a micro-entity have to disclose related party transactions?
- How do going concern and events after the year end affect a micro-entity's accounts?
- What happens when my company starts or stops using the micro-entity rules?
- Can a dormant company use the micro-entity accounting rules?
These pages explain the rules in general terms. They are not advice about your company's own figures. When something here matters to a decision, check the official source we link to.