Payment request from HMRC
Good morning all. My wife has received a payment request from HMRC for account period June/2020. She has a C.I.C she has yet to submit first accounts as she started the middle of June 2019. The only received fund have been for a set project and at the time only a portioned had been allocated. Firstly is a payment due as I thought first accounts were 21 Months from incorporation and also because it is a C.I.C and the funds were for a set project any money received would go on balance sheet as Retained Earning therefore no corporation tax payment is due? Any assistance would be greatly appreciated.