Business Tax- 3001 9209 If the type of company is 0 (UK trading or Professional Services or CASC) then an applicable tax rate from one of [FULL RATE OF CT]
Article ID
error-code-9209-type-business
Article Name
Business Tax- 3001 9209 If the type of company is 0 (UK trading or Professional Services or CASC) then an applicable tax rate from one of [FULL RATE OF CT]
Created Date
16th April 2020
Product
IRIS Business Tax – AiB
Problem
“If the type of company is 0 (UK trading or Professional Services or CASC) then an applicable tax rate from one of [FULL RATE OF CT], [FULL RF RATE OF CT], [RF SMALL CO RATE OF CT] or [CT RATE FOR NI TRADING PROFITS] must be used for the second financial year”
Resolution
“It was announced in the Budget 2020 that the Corporation Tax main rate will remain at 19%, rather than reduce to 17% as previously planned.
The HMRC Corporation Tax online service will now need to be updated for the revised rate of 19%. If your accounting period ends on or after 1 April 2020, you should not submit any Company Tax Return online with profits chargeable at the new rate until the system has been updated.
Company Tax Returns for accounting periods ending on or after 1 April 2020 with zero tax chargeable (nil returns) can still be submitted online, as the tax rate change has no impact.
The HMRC free filing service (CATO) will only support accounting periods ending on or before 31 March 2020 until the service is updated.
This issue is now resolved.
If you are running on Version 20.1.5 – you can bypass the message and transmit the CT600 online. Or download the latest Version 20.2.0 of software and the validation will not appear. Please click on the link below to download Version 20.2.0: –
https://www.iris.co.uk/support/iris-accountancy-suite-support/as-downloads/
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