Late payment of corporation tax UK
I am hoping to hear from anyone who has experience being a single person Ltd company in the UK who has ever paid their corporation tax late by prior arrangement with HMRC i.e. letting them know I may have trouble paying.
Apparently this is in option but I have heard horror stories that asking HMRC to pay late will trigger a tax investigation into my personal tax affairs.
Can anyone confirm if this is the case? My Accountants are saying that they cannot advise on this.
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I don't think my case will answer your question to the extent you require, but I have paid corporation tax late before by a few days and wasn't fined, though it was only once and I may have just gotten lucky.
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