Contract/Business: EXTRA

Question 1

Is there a limit on the number of times a company can change its accounting reference date and who can do it?

Answer 1

No limit, can at BM
BUT extension must not result in a new period exceeding 18 months

Question 2

How can a company auditor be removed

Answer 2

OR of SH

Question 3

Do limited liability partnerships have to publish their accounts?

Answer 3

Yes

Question 4

For which tax can you carry forward the annual exemption?

Answer 4

IHT
NOT CGT

Question 5

How/how often can a company change its accounting reference period?

Answer 5

No limit on number of times
But, a further change wont be effective if notice is given less than 5 years after the end of an earlier accounting reference period extension.
Extension must not result in a new period exceeding 18 months
Dirs can do at BM

Question 6

Deadline for paying CGT

Answer 6

no later than 31 January following the end of the tax year to which the assessment relates.

Question 7

Deadline for paying Corp tax

Answer 7

within nine months from the end of the tax year to which the assessment relates.