HMRC update corporation tax guidance on end of company life

Released 19 April 2017

HMRC have issued updated guidance on mandatory online filing at the end of a company's life. HMRC recognises that companies may have trouble producing full company tax returns at the end of their lives and the move to mandatory online filing brings specific problems during formal ‘winding up’ and the move to mandatory online filing into sharp focus. Companies moving towards informal striking off or during a solvent Members’ Voluntary Liquidation are not exempt from the requirement to file online.

The latter cases present some practical difficulties and HMRC’s updated guidance sets out the issues and gives detailed guidance about the approach that HMRC will take in dealing with them.

More details are available here.

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