Penalties for late corporation tax returns

HMRC have confirmed how penalties for late returns are applied when the date for the Corporation Tax Return is earlier than the date which the Accounts must be delivered to Companies House.

If the Corporation Tax Return is delivered late in these circumstances an excuse for the late delivery can be made and if accepted no late penalty would apply. Full details are at https://www.gov.uk/hmrc-internal-manuals/company-taxation-manual/ctm94100