What is a Managed Filing for Company Corporation Tax and Companies House

Here on the Easy Digital Filing website, we designed a software where companies can self-file their own Corporation tax return and their own Companies House Abridged accounts without the need of an accountant. However, we recognise that not everyone wants to complete their own filing whether that is because they do not have the time to learn the language of accounting or that they may not be fully confident in all the intricacies of completing each return. That’s why we introduced the Managed Filing option.

What is a Managed Filing?

A Managed Filing is a fully comprehensive filing service where we ask for you to provide your company’s details and its figures for the accounting period you would like for us to file for. Once you have provided this information you will be assigned an Account Specialist who are highly knowledgeable about the filings being completed and they will create and complete the filings on your behalf.

Once they have completed your filings, your Account Specialist will set your filings so that you can review them to ensure that you are happy with the figures being submitted to HMRC and/or Companies House. Upon your approval, your Account Specialist will submit your filings to HMRC and/or Companies House. As soon as your filings have been accepted you will receive an email from your Account Specialist confirming the successful submission and informing you of the company’s final figures at the end of its accounting period.

Is my Company Size Eligible?

Our Managed Filing Service provides several options for companies of different sizes. Here are all of the Managed Filing packages available;

Dormant Managed Filing (Companies House submission only)
Dormant Managed Filing (Companies House & HMRC submission)
Micro Company Managed Filing
Small Company Managed Filing

Unfortunately, we do not provide Managed Filings to any companies that have any Research and Development / Enhanced Expenditure regardless of the Managed Filing package purchased.

If you are unsure of which of the packages above to purchase, please find the criteria for each of the Managed Filings below:

Dormant Managed Filing (Companies House Submission only) Criteria:

For this Managed Filing Service your company must be dormant. This means that the company did not have any significant transactions over the period (Income or Expenditure, in other words it means that the company had no Income nor Expenditure during the relevant accounting period.

This service is for companies that have not received a ‘Notice to File a Company Tax Return’ or they have informed HMRC that their company is dormant and therefore they will not require the submitting of a Company Tax Return (CT600), therefore the company will only require the submission of dormant accounts for the accounting period to Companies House.

Although, you should be aware that even if you have informed HMRC that your company is dormant if they send a ‘Notice to File a Company Tax Return’ to your company’s registered address you will be required to submit a CT600 for that period even if the company is dormant. This point then takes me neatly onto the next Managed Filing service that we provide.

Dormant Managed Filing (Companies House and HMRC Submission) Criteria:

For this Managed Filing Service your company must be dormant. The only difference between the two dormant Managed Filing Services provided is that this package also includes the filing of a CT600 to HMRC as well as the Companies House accounts submission.

You would require this Managed Filing Service if your company is dormant and has had no Income or Expenditure over the accounting period but you have received a ‘Notice to File Company Tax Return’ therefore the submission of a CT600 to HMRC is required.

Micro Company Managed Filing Criteria:

A Micro company is a very small company that has had Income and Expenditure during the accounting period. Your company will be a Micro company if it complies with 2 of the following:

A turnover of £632,000 or less
£316,000 or less on its Balance Sheet
10 employees or less

If your company complies with 2 of the criteria shown above that means that you will require the Micro Managed Filing Service. This service includes submissions to both Companies House and HMRC for the full accounting period.

Here is an example of a Micro company, you own a company with 6 employees, £1 million turnover and a Balance Sheet of £300,000. That means your company complies with 2 of the 3 criteria and therefore will be a Micro company, meaning they should purchase a Micro Company Managed Filing.

Small Company Managed Filing Criteria:

You should purchase the Small Managed Filing if your company complies with 2 of the following criteria:

• A turnover of £10.2 million or less

• £5.1 million or less on its Balance Sheet

• 50 employees or less

The Small Managed Filing Service includes submissions to both Companies House and HMRC for the full accounting period.

An example of a small company would be if your company has 56 Employees, £7.5 million in turnover and £4 million on its Balance Sheet. That means this company complies with 2 of the 3 criteria and therefore will be a Small company, meaning they should purchase a Small Company Manged Filing.

How do I get started?

To get started with a Managed Filing Service you should firstly create an account or log into your account (if you already have one). Once you are in the Easy Digital Filing portal, please click on the Managed Filings tab on the left-hand column of your page as shown in the image below:

Easy Digital Tax and accounting information - managed

(From that screen click the Get Started button, as you can see below)

Easy Digital Tax and accounting information - corporation

Once you have clicked on this you will take to the first page where you input your company’s name and the number of employees, and you need to confirm the accounting period for your company is correct. Once the information is provided you should then decide which Managed Filing Service your company fits the criteria above for on the screen as shown:

Easy Digital Tax and accounting information - accounts

After you have completed those steps, we will require some further information that will allow us to submit your filings on your behalf, upon your approval. The information required is as follows:

Your Company UTR (can be found on your ‘Notice to File Company Tax Return’ and in your Government Gateway account) & Government Gateway Credentials (User ID & Password), if you need to create these you can do so here.
Companies House Authentication Code, if you cannot locate yours, you can request a reminder here.
Your Income and Expenditure figures for the relevant accounting period
You can also submit any other documentation that you think can help your Account Specialist complete your filing, these could be Trial Balance, a Balance sheet, Bank statements or any other documentation that you think will be helpful (the more thorough the information the faster your Account Specialist can complete your filing)

This is the screen for you to input the information as requested above, you can see we provide examples of what each of the codes should look like to make identifying them easier:

Easy Digital Tax and accounting information - corporation

How can I upload my documents?

Where you fill out the information mentioned above, there is a box where you can either drag your files into it to upload them or you can click within the box and it will open up your folders where you can select the relevant files that you wish to upload for your Account Specialist. Please see the box below in the image, the upload box is the box with the small cloud icon in it:

Easy Digital Tax and accounting information - company

What if I have already paid for filings but now wish to change to a Managed Filing?

If you purchased a self-file package but you wish to upgrade to a Managed Filing that won’t be a problem. All you need to do is message us asking to upgrade your package to whichever managed filing option your company fits the criteria of. You can message us using either the in account ‘Chat with us’ option where you can chat directly to one of our wonderful support team or you can send us an email to: support@easydigitalfiling.com.

Once you have sent us a message one of our support team will generate an upgrade code which will upgrade the package that you have already purchased to the relevant Managed Filing package. Then all you need to do is input the code in the ‘Discount/Upgrade code’ section at the checkout and then click ‘Apply’ when paying for the Managed Filing. The provided code will then only require you to pay the difference between the package that you have purchased and the Managed Filing package that the original purchase is being upgraded to.

Hopefully you have this article has answered any questions that you may have had prior to reading. Please find many more helpful articles in our knowledge base, if you are looking for a topic in particular you can use the search tab or if you are simply intrigued about tax.