I have a letter from HMRC asking me to file a Corporation Tax return, what should I do?

A notebook and pen with a letter from HMRC showing and a partial keyboard.

Although it can seem daunting and possibly expensive to file a corporation tax return for your charity, you should not ignore the letter.

Failure to submit a return or engage with HMRC could result in you incurring penalties for failure to submit your return, or in more extreme cases of persistent failure, loss of your charitable tax reliefs.

You can find out more about corporation tax reliefs for charities here, charity trading income here, how to calculate the corporation tax liability of your charity at here, and how to file the return, including how to minimise the fees you incur here.

If the deadline to submit your return is imminent, and you need more time to prepare the return, you should contact the HMRC Charities Helpline and ask them for more time.

CTG does not provide tax advice and so the information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future.