Received HMRC late filing penalty for failure to submit your company’s corporation tax return. The HM Revenue and Customs (HMRC) automatically send out late filing penalty as soon as your tax return is overdue.
Your company is dormant
Do not ignore this penalty notice even if your company is dormant and you have nothing to declare in your company’s tax return.
In this instance, you must write to HMRC to let them know that your company is dormant. Enclose a copy of your dormant company account to prove it.
When writing to HMRC, you must include your Unique Tax Reference (UTR) number. With your UTR number, HMRC staff would have a big smile on their face when processing your company’s tax affairs.
Bear in mind, HMRC staff are handling 4,316,395 companies in the United Kingdom. Your allocated UTR would give them the lightning speed to access and update your company’s tax affairs.
HMRC may waive your late filing penalty in this circumstance if you can prove your company is dormant.
To avoid you received HMRC late filing penalty again in the future, write to HMRC to let them know about your company’s trading status at the same time you submit your confirmation statement and dormant account with Companies House.
Your company is trading
In this instance, you must complete the CT600 form for your company and submit it to HMRC via a trusted online software platform.
In addition, you must pay the late filing penalty. They are many ways you can pay HMRC – by debit or credit card, a bank transfer, through a Post Office and by cheque.
Take note that the late filing penalty from HMRC is separate from the late filing penalty issued by Companies House for late filing of your company accounts.