This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Filing CT return with draft accounts

simplytax
Posts: 85
Joined: Wed Aug 06, 2008 3:34 pm

Filing CT return with draft accounts

Postby simplytax » Fri Aug 23, 2013 1:54 pm

If a company audit cannot be completed within two years of the APE can the latest Draft accounts be lodged under IXBRL ( or as pdf ) if approved by the directors so as to meet the 2 year time limit for certain claims for tax relief to be made in a tax return eg capital allowances. Any revision to the figures when the accounts are complete and audit signed off could be advised by letter to HMRC at a later date. Has anyone experienced any problems with this course of action with the draft accounts being the best available information to file at the time ?

Return to “Company Taxation”