COM33030 - Background: typical case examples: company pays and self assesses on time
An established company meets its payment and filing obligations on time. The example shows the cycle of a compliant company, from AP end to the recording of the self assessment.
The events are numbered in date order, and identified as follows.
- Business event - action taken or arising outside HMRC.
- Automatic event - automatic COTAX action.
- Procedural action - action taken by an operator.
| Order and type of event | Action or actions taken |
|---|---|
| 1 Business event | Company AP ends (normal 12 month period). |
| Approximately 1 month after the recorded AP ends | |
| 2 Automatic event | COTAX issues a notice to deliver, calculates the filing date (Word 42KB), records the specified period and the issue of the notice to deliver and creates the next AP on the COTAX record. |
| Some time later……………… | |
| 3 Automatic event | First payment reminder (PR1) issued, 12 days before normal due date (Word 49KB) as no payment or NIL payslip returned to Accounts Office. |
| 4 Business event | Payment received shortly before the normal due date. |
| Some time later……………… | |
| 5 Automatic event | CT205 return reminder issued 28 days before the filing date as the return is not yet logged. |
| 6 Business event | Return received by the filing date. |
| 7 Automatic event | COTAX automatically captures the details and records the self assessment. |
See: