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

1st Corporation Tax Return

TlAinsley
Posts:1
Joined:Fri Jan 28, 2022 8:56 pm
1st Corporation Tax Return

Postby TlAinsley » Fri Jan 28, 2022 9:07 pm

Hi

I'm filing my 1st Corporation Tax Return for a Micro Ltd company. Just stuck on the balance sheet, for assets and liabilities. The end date was 30th November, should I note anything that the company owes just on that specific date as liabilities and anything that has been invoiced out and not yet paid on that specific date as assets?

Just want to make sure I am giving the right info.

Thanks for your help...

bd6759
Posts:4262
Joined:Sat Feb 01, 2014 3:26 pm

Re: 1st Corporation Tax Return

Postby bd6759 » Sat Jan 29, 2022 11:35 pm

The balance sheet shows the position on the accounting date. Any event after that date is irrelevant, but a material event that affects the value might warrant a mention in the notes.


Return to “Company Taxation”

cron