Regarding trust return


This query is : Resolved 

Quick Summary
Filing a trust return after the due date can have consequences, particularly regarding tax payable on gross receipts. However, if your gross receipts do not exceed £2,50,000, you may still be eligible for an exemption from this tax.

12 December 2022 what will be consequences in case filling trust return after due date?

12 December 2022 Exemption will not be granted tax payable on gross receipts.

14 December 2022 and what if gross receipts do not exceeds 2,50,000/-, will exemption still not be available?

14 December 2022 In such a case exemption still available.


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