Readers’ forum: Reporting requirements

My client is a non-UK company receiving UK rental income. The company has no permanent establishment or branch in the UK and its UK income is rental income. I have never prepared full accounts for the property business just a profit and loss statement.

From 6 April 2020 the company is required to report the UK rental profits on a corporation tax return and pay corporation tax on them. My question relates to what information needs to be submitted with the tax return.

FA 1998 Sch 18 para 3 covers the requirement to deliver a return and says that ‘different information accounts statements and reports may be required from different descriptions of company’.

HMRC guidance says that ‘in cases where a UK property business balance sheet is not prepared the P&L account will generally form part of the corporation tax...