BTC & PTC Due Dates & Penalties
Beth
Registered Posts: 40 Regular contributor ⭐
Hi,
I'm sitting the BTC and PTC papers next week and i'm having real trouble getting the dates and penalties into my head for due and late notification, filing and payments...
Does anybody have any tips?!
I'm sitting the BTC and PTC papers next week and i'm having real trouble getting the dates and penalties into my head for due and late notification, filing and payments...
Does anybody have any tips?!
0
Comments
-
S/A Filing date is 31/1 penality is £100 for first six months late £100 for the next six months the 12 months onwards it is tax geared.0
-
Hi Beth, i was getting confused with dates so I wrote them all down on one piece of paper to help me remember. Don't know if the attached will help.... think it will be one of the last things i'll revise and try and memorise it before I go in!
Ps might want to double check themas they may not be 100% correct!
Tim0 -
thats a fab post0
-
Thanks Tim that looks like what i've been trying to do but consolidating all the info is soo hard! I'm currently on 4 pieces of paper lol.
Will definitely try to get this in my short term memory for Tuesday :-s0 -
Hi Tim
Just wanted to say thanks for this attachment. If I know nothing else tomorrow, at least I will know the payment dates and penalties!
good luck to all with BTC tomorrow0 -
Hi no probs, hopefully this time tomorrow we'll be able to burn all our textbooks.... Good luck everyone - and remember the saying 'tax doesn't have to be taxing' grrr!0
-
Hiya, ta for the link, it's fab !! Just wanted to clarify something tho if pos:
In my notes i've got that companies need to file their return 12 months from the end of their financial period, not Chargeable Accounting Period. So if for example a company had financial accounts of say 16 months that ended 31st December 2009, then the return would be due on 31st December 2010 for two CAP's (being the first 12 months of the financial accounting period, and the balancing period of 4 months). Is this correct ?
Thanks0 -
Hiya, ta for the link, it's fab !! Just wanted to clarify something tho if pos:
In my notes i've got that companies need to file their return 12 months from the end of their financial period, not Chargeable Accounting Period. So if for example a company had financial accounts of say 16 months that ended 31st December 2009, then the return would be due on 31st December 2010 for two CAP's (being the first 12 months of the financial accounting period, and the balancing period of 4 months). Is this correct ?
Thanks
I agree
Long accounting period = two CAPS, two payment dates but only one filing date0 -
ahh i see what you mean, thanks0
-
Thanks for that! I am really struggling with this as think I failed on the theory part of section 2 in Dec : ) x0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 325 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 202 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 583 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership