YouTube transcript
editWelcome to the online demo for filing micro entity accounts. Filing online is the quickest easiest and safest way for you to file your accounts. This demo is intended as a guide only, so please ensure that when you file your accounts you use your actual company's information and figures.
To begin, you'll need to log in and authenticate in order to use the service.
We are using a dummy account for this demo. This screen will appear after you have successfully logged into the Companies House web filing service. You should have already prepared your accounts by this stage.
Once you are on the company profile page, select File accounts. The date next to this button will also advise you on the accounts filing periods.
On the next page, select the micro entity accounts option.
Next, you'll need to make sure that your accounts meet the outlined criteria. Your accounts need to meet at least two of the outlined criteria. The criteria may change from time to time, as we update the online filing service.
Once you check this, select micro entity accounts. You'll then be taken to the balance sheet. You should use the values on your prepared accounts here.
If your company is submitting its first year accounts, only the current period will be displayed.
For demonstration purposes, we are going to use sample data.
Enter a value into the field called "Called up share capital dot paid". The value should also be entered into the Capital and Reserves field. If some fields don't apply to you, leave them blank.
Please carefully read the statements on this page. Select the tick box to confirm you agree to them.
You must also sign and date the accounts you are filing. You also have the option to provide additional notes by expanding the link at the bottom of the screen, labelled "Do you want to provide any footnotes to the balance sheet?" This is where off-balance-sheet arrangement notes can be added. You will need to insert information about the number of employees you have. Once you have entered all of the information, select Validate and continue.
Now is your chance to review your content and change it before you file your accounts. If you want to go back and make changes, and you'll need to reconfirm the information that's submitted from there onwards. You can download a draft unsigned copy of the accounts for you to review and save.
When you're ready, select the Submit your accounts button and they'll be submitted to Companies House. You will then be presented with a submission confirmation page. Make a note of the submission number, in cast you have a query.
You will then receive two emails, the first to inform you that the accounts have been received, and the second to say that they have been accepted or rejected. And that's it.
Before you log out, don't forget to sign up to the Companies House email reminder service, and we'll tell you when your Confirmation Statement and Accounts are due. You can now sign out.
HMRC & company tax returns
edit- How to file a company tax return, which.co.uk, April 2023
- Company Tax Returns, gov.uk
- No Corporation Tax payment due, HMRC
- Company Tax Return guide to form CT600 (2008) Version 2, HMRC
- Company Tax Return CT600 (2023) Version 3
Corporation tax return filing
edit- Corporation Tax Returns, moneydonut.co.uk
All corporation tax returns for accounting periods must now be filed online.
If you plan to file your corporation tax return yourself, you'll need to set up an online account with HMRC. You'll also need to download HMRC's software or get commercial software that can file the corporation tax return in the format HMRC requires. Read about filing your corporation tax return on the HMRC website.
You must file the company tax return, together with your tax calculation and financial accounts. If you need to make any later changes, you can do this up to 12 months after the corporation tax return filing deadline. You must tell HMRC if you discover any errors after this, even though it is too late to amend your company tax return.
All UK small businesses now have an online personal tax account. You can view your tax transactions across the range of business taxes including Self Assessment, Corporation Tax, VAT and PAYE for employers and to make payments at any time.
Most companies find it easiest to use an accountant to handle their corporation tax returns. As well as dealing with the complexities of preparing accounts and filing the company tax return, you can expect your accountant to make sure you are making the most of corporation tax allowances and reliefs.