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, generative tax AI, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

Popular Articles

Owner-Managed Businesses

Wholly and exclusively

Wholly and exclusivelyFor both income tax and corporation tax purposes, one of the fundamental conditions that must be satisfied for an item of expenditure to be deductible, is that it must incurred ‘wholly and exclusively’ for the purposes of the trade, profession or vocation. References to CTA

14 Jul 2020 14:00 | Produced by Tolley Read more

Personal Tax

Payment of the remittance basis charge

Payment of the remittance basis chargeRemittance basis chargeThe remittance basis charge is an annual charge payable by ‘long-term’ UK residents for the privilege of claiming the remittance basis.Taxpayers who wish to utilise the remittance basis (but do not qualify for it automatically) must pay

14 Jul 2020 12:52 | Produced by Tolley Read more

Trusts and Inheritance Tax

Bare trusts ― income tax and CGT

Bare trusts ― income tax and CGTThis guidance note explains how trustees of bare trusts are treated for income tax and capital gains purposes. Although a bare trust is, in equity, a type of trust, for both income tax and capital gains tax purposes its existence is transparent. This means that no tax

14 Jul 2020 15:34 | Produced by Tolley Read more

UU��ֱ��