HMRC Corporation Tax - Notice of further penalty determination
(Failure to deliver a return by the required date)

What the letter is about?

This notice gives details of any further penalties levied by HMRC, for failure to deliver a tax return, after a notice has already been issued by HMRC.

By when are the penalties needed to be paid?

The penalties stated in the notice are due and needs to be paid in full within 30 days of the issue date mentioned on the letter.

What if you feel that the levied penalties have not been correctly levied?

In cases where you feel that the penalties are excessive or should not be levied, you can appeal the penalties within 30 days of the issue date on the letter, in writing stating reasons, along with stating the reference and the period.

What to do next?

If you've received a determination you must act now and deliver the returns to avoid further penalties. Penalties for late returns start at a flat rate of £100 and can increase to £1,000 plus tax-related penalties of up to 20% of any unpaid tax.

What all needs to be delivered in a return?

When delivering a return, the following things need to be delivered to HMRC including -

• A completed tax return form called CT600,
• Computations to support calculations behind figures in CT600
• A set of accounts.