C
CompanyQuery
Guest
I'm an IT contractor and have set up a Ltd company of which I am a director.
I have been fufilling my corporate pay and file requirements to-data by returning the CT1 form anually and on time. It has just come to my notice that proprietary directors must also submit a tax return each year.
Whilst I received the CT1 forms without asking, I have never received any tax return form for either director of the company.
I pay the paye/prsi promptly each month for both directors and have no outstanding tax debts.
However it seems that there is a fine for late or non-submission of tax returns.
And finally to my question:
Does this mean that if I now raise this issue with the revenue , I will have to pay the late submission fine which will be substantial as this issue goes back 3 years?
I have been fufilling my corporate pay and file requirements to-data by returning the CT1 form anually and on time. It has just come to my notice that proprietary directors must also submit a tax return each year.
Whilst I received the CT1 forms without asking, I have never received any tax return form for either director of the company.
I pay the paye/prsi promptly each month for both directors and have no outstanding tax debts.
However it seems that there is a fine for late or non-submission of tax returns.
And finally to my question:
Does this mean that if I now raise this issue with the revenue , I will have to pay the late submission fine which will be substantial as this issue goes back 3 years?