COM33030 - Background: typical case examples: company pays and self assesses on time
An established company meets its payment and filing obligations on time. »Ê¹ÚÌåÓýapp example shows the cycle of a compliant company, from Accounting Period (AP) end to the recording of the self assessment.
»Ê¹ÚÌåÓýapp events are numbered in date order, and identified as follows:
- business event - action taken or arising outside ÌýHMRC
- automatic event - automatic COTAX action
- procedural action - action taken by an operator
Order andÌýtype of event |
Action or actionsÌýtaken |
|---|---|
1 Business event |
Company AP ends (normal 12 month period). |
| Approximately 1 month after the recorded AP ends | Ìý |
| 2 Automatic event | COTAX issues a notice to deliver, calculates the filing date, records the specified period and the issue of the notice to deliver and creates the next AP on the COTAX ecord. |
| Some time later | Ìý |
| 3 Automatic event | First payment reminder (PR1) issued, 20 days before normal due date as no payment or NIL payslip returned to Accounts Office. |
| 4 Business event | Payment received shortly before the normal due date. |
| Some time later | Ìý |
| 5 Automatic event | CT205 return reminder issuedÌý28 days before the filing date as the return is not yet logged.ÌýFrom June 2025 this form will no longer be issued. |
| 6 Business event | Return received by the filing date. |
| 7 Automatic event | COTAX automatically captures the details and records the self assessment. |
See: