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1st CT1 new company

  • 10-04-2017 3:57pm
    #1
    Heisenburg81
    Closed Accounts Posts: 322 ✭✭


    Hypothetically, if a company incorporated and tax registered from 30/11/2015 and started trading 01/01/2016 does a CT1 have to be prepared for 2015?
    First set of accounts for 13 month period to 31/12/2016.


Comments

  • #2
    Penguin3029
    Registered Users, Registered Users 2 Posts: 56 ✭✭Penguin3029


    Would I be right that you work in tax? Look at s. 27 TCA 1997 and perhaps small company rules, too.


  • #3
    Heisenburg81
    Closed Accounts Posts: 322 ✭✭Heisenburg81


    Penguin3029 wrote: »
    Would I be right that you work in tax? Look at s. 27 TCA 1997 and perhaps small company rules, too.

    You would be wrong.
    Studying tax and hope to work in tax to some degree in the future.


  • #4
    Penguin3029
    Registered Users, Registered Users 2 Posts: 56 ✭✭Penguin3029


    I wish you well in studies! CTA, I assume? Doing exams at the moment?

    To help with your q, it would depend on what the company does between incorporation and 1/1/16. Assuming they do absolutely nothing other than incorporate, my understanding is that they wouldn't need to file a CT1 for 2015. If they had an income (even money in the bank, because interest), that might be different.


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