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HMRC internal manual

Company Taxation Manual

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HM Revenue & Customs
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CTSA: introduction: glossary of CTPF terms

Accounting date The date to which a company prepares its accounts.
   
Accounting period The period for which CT is assessed under the Taxes Acts (CTM01400 onwards).
Delivered A return must be physically received by the Inspector or his staff before it is regarded as delivered (CTM93150).
Filing date The date by which companies must deliver a CT return to the Inspector referred to in TMA70/S11 (4) as the final day for delivery of the return - (CTM93060).
Final day for delivery See filing date.
Fixed penalty A penalty for the late delivery of a return which varies from £100 to £1,000 according to the degree and habit of lateness (CTM94010).
Joint amended return An amended return made under the special joint amended return arrangement for group relief claims (CTM97890).
Group principal The company whose Inspector co-ordinated a special arrangement for group relief claims (CTM97880).
Late payment interest Interest charged under TMA70/S87A on payments of CT made after the due and payable date (CTM92190).
Period of account The period for which accounts are prepared by the company.
Repayment interest Interest payable under ICTA88/S826 on repayments of CT or IT, or on payments of tax credit made after the due and payable date (CTM92240).
Return period The period for which a CT return is required under TMA70/S11 (CTM93020).
Section 11 period See specified period.
Served A notice is deemed to be served on a company (Section 11 notice) on the fourth working day after it has been posted unless the contrary is proved (CTM93070).
Specified period The period which is shown on the notice to deliver a return (form CT203). This will be a period that the Inspector expects to be a return period, but if the company’s circumstances have changed the return period may be different. It is known by the computer system as the Section11 period (CTM93020).
Section 11 notice The notice to deliver a return (form CT203) which must be served on a company in order to impose the obligation to deliver a return. See CTM93005 and CTM93010.
Tax-geared penalty A penalty for the late delivery of a return, which is calculated by reference to tax unpaid. The penalty is charged at 10% or 20% of the tax unpaid according to the degree of lateness (CTM94050).
Tax unpaid The amount of CT unpaid, 18 months after the end of that accounting period (CTM94050).