COM33010 - Background: typical case examples: new company - S55 FA2004 information provided
A new company is incorporated and complies with the normal requirement to provide necessary information. »Ê¹ÚÌåÓýapp example covers live APs, dormant periods and the use of appropriate COTAX update functions.
»Ê¹ÚÌåÓýapp events are numbered in date order, and identified as follows.
- Business Event - Action taken or arising outside HMRC.
- Automatic Event - Automatic COTAX action within HMRC.
- Procedural Action - Action taken by an operator.
| Order & Type of Event | Action(s) Taken |
|---|---|
| 1 (Business Event) | Co A Ltd formed and registered with Companies House. |
| 2 (Automatic Event) | COTAX record for Co A Ltd set up automatically from information provided by the data feed from Companies House. |
| 3 (Automatic Event) | COTAX assigns a UTR number, creates the first AP from the date of incorporation for 12 months and a second from the day after the end of the first period to the Accounting Reference Date and issues form CT41G to explain the information that the new company must supply. |
| 4 (Business Event) | Co A Ltd advises the responsible office that it is dormant with no immediate plans to trade. |
| 5 (Procedural Action) | CT Co-ordinator uses Function MAPD (Maintain AP Dates) to set a dormancy period of 5 years. |
| 6 (Automatic Event) | COTAX suspends issue of Notice to Deliver as the company is dormant. |
| Some time later…………â€�. | Ìý |
| 7 (Business Event) | Co A Ltd notifies HMRC that the business has started and it provides its first intended accounting date. |
| 8 (Procedural Action) | Clerical staff use function ACTP (Amend CT Payer Details) to enter date business commenced and accounts made up date. »Ê¹ÚÌåÓýappy receive a screen message that the AP record will not be amended automatically, as function MAPD was previously used by the CT Co-ordinator to set dormancy status, so refer the case to the CT Co-ordinator. |
| 9 (Procedural Action) | CT Co-ordinator uses function MAPD to amend AP record to show the revised period of dormancy and corrects the APs within the charge to CT. |
| Approximately one month after the end of the AP | Ìý |
| 10 (Automatic Event) | COTAX issues a notice to deliver, calculates the , records the specified period and the issue of the notice to deliver and creates the next AP on the COTAX record. |
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