Split Corporation tax amount for First Year Accounts

Londina MAAT, AAT Licensed Accountant Posts: 814
Need a bit of advice please, as never came across to this before. First year accounts, I know there are 2 tax returns to be prepared to cover the period from incorporation date until end of accounting year (let's assume 15/6/15-30/06/16) and you need to apportion the profit of £3000 and £600 tax, so:

period 15/06/15-15/06/16 Profit £5000, ctax £1000
period 16/06/16-15/07/16 Loss (£2000), ctax (£400)

What confuses me is:
-Is HMRC going to request payment of £1000 since this is what appear in the 1st tax return and are they going to carry forward the £400 instead into the following year?
-the full accounts prepared for Companies House shows the entire period and therefore £600 tax liability, so this shouldn't match HMRC?

Thanks in advance :-)


  • Londina
    Londina MAAT, AAT Licensed Accountant Posts: 814

    After posting this, I realised that I probably just need to calculate the split by the days, not by actual transactions!
  • stevo5678
    stevo5678 Registered Posts: 325
    Thats correct you just pro rata it based on days (whole period multiply by x days )
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