Customers are reminded that companies incorporated in 2019 are expected to either file a 2019 company tax return or notify the Revenue Service that their first accounting period (which is subject to a maximum period of 18 months) will end in 2020. Currently there are over 1,000 newly formed companies that will have a penalty automatically imposed, unless they take corrective action.

Full details here: https://www.gov.gg/taxationstatementsofpractice