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If you set up a company or organisation which is liable to pay Corporation Tax, it is important to inform HMRC. If your organisation is a club, society, or similar, you should use a CT41G form to tell them. This is so that the organisation pays the right amount of tax.

What do I need to tell them?

HMRC need to know that a company or organisation has become ‘active’. That is, receiving income, trading or conducting business. You must inform HMRC within three months of the business activity starting.

Requirements

A limited company has to be registered at Companies House. You must submit an annual return of the company accounts with Companies House on a yearly basis.

There are also filing requirements for HMRC, for your Company Tax return. This is what HMRC use to calculate Corporation Tax. You will still need to notify HMRC and Companies House if the organisation is dormant, and not trading.
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After submitting

When you register a company with Companies House, they will inform HMRC automatically. They use the information to issue the organisation with a Unique Taxpayer Reference (UTR) number.

You will also receive a letter with the end date of the first accounting period. They use the figures you provide on the form to calculate this. If you don’t return form CT41G to HMRC, the date of registration will be used to calculate the end date of the first accounting period. This will be 12 months from the date of registration.

The dates you must pay any Corporation Tax which is due, and the filing dates for the Company Tax Return will also be sent out.

It is also possible to use the online services of either Companies House or HMRC to provide information for an active company. This online system can also be used to register the company for VAT or PAYE and to supply statutory information required by HMRC. As the system can be complex, it is advisable to seek professional guidance when starting a limited company or any other organisation which may be liable to Corporation Tax.

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