Making amendments to company tax returns

Produced by a Tolley Corporation Tax expert

Corporation Tax

Guidance

It is possible to amend or correct a company tax return after it has been filed. This can be done either by the taxpayer or by HMRC.

There are many reasons why it might be necessary to amend a tax return, for example if a mistake has been made. It may also be necessary if provisional or estimated figures were used and these need to be updated.

This framework has been the subject of various calls for evidence and consultations since 2018 as HMRC seeks to align the rules across taxes. See the consultation published in October 2024 entitled ‘The Tax Administration Framework Review ― new ways to tackle non-compliance’.

How to amend a company tax return

If it is discovered that a mistake has been made, either to the company tax return itself or the supporting documents after they have been filed, an amended return should be submitted to HMRC detailing the correct information. An amended return should also be filed if the company wishes to revise any claims made in the return, eg

Continue reading the full document

To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

Popular Articles

Personal Tax

Timing of disposal for capital gains tax

Timing of disposal for capital gains taxDate of disposalThe date of the disposal determines the period in which the gain is subject to capital gains tax (CGT). When the rates of CGT change, the determination of the date of disposal can also affect the rate of CGT that applies to the gain.See the

14 Jul 2020 13:50 | Produced by Tolley Read more

Year-end tax planning

Corporation Tax

Double tax relief

Double tax reliefWhen income arises in a foreign country to a UK resident company and that income is taxable in that foreign country, the UK may give the company relief for the foreign tax by crediting the foreign tax against the UK tax charged on that income. This might include withholding tax on

14 Jul 2020 11:31 | Produced by Tolley Read more

Corporation Tax

FRS 102 ― tax presentation and disclosures

FRS 102 ― tax presentation and disclosuresPresentation of tax under FRS 102An entity must present changes in a current tax liability (or asset) and changes in a deferred tax liability (or asset) as a tax expense (or income) unless the item creating the current or deferred tax amount is recognised in

14 Jul 2020 11:46 | Produced by Tolley in association with Malcolm Greenbaum Read more

��Ƶ