Deadline approaching for corporate income tax returns

Penalties for those who submit late

The deadline for corporate income tax return submissions is nearing, with businesses required to file by midnight on Thursday, 2 January, to avoid a £250 penalty.

While the official due date is 1 January, the Income Tax Division has extended the deadline by a day as its offices will be closed on New Year’s Day.

Fully completed forms submitted by 2 January will not be considered late.

The Income Tax Division’s telephone lines and public counters remain open throughout the Christmas period.