Dormant for Corporation Tax

Your company is usually dormant for Corporation Tax if it: has stopped trading and has no other income, for example investments is a new limited company that hasn鈥檛 started trading is an unincorporated association or club owing less than 拢100 Corporation Tax is a flat management company Trading includes buying, selling, renting property, advertising, employing someone or getting interest. HMRC has detailed guidance on what counts as dormant for Corporation Tax . When HMRC thinks your company is dormant You may get a letter from HMRC telling you: they鈥檝e decided to treat your company or association as dormant that you don鈥檛 have to pay Corporation Tax or file Company Tax Returns When you think your company is dormant If your company has stopped trading and has no other income, you can tell HMRC that it鈥檚 dormant for Corporation Tax . If you鈥檝e filed a Company Tax Return or had a 鈥榥otice to deliver a Company Tax Return鈥� You鈥檒l still need to file a Company Tax Return online - this will show HMRC that your company is dormant for this period. Limited companies You don鈥檛 need to pay Corporation Tax or file another Company Tax Return once you鈥檝e told HMRC your company is dormant unless you receive a further notice to deliver a Company Tax Return. You must still file annual accounts and a confirmation statement (previously annual return) - exactly what you must do depends on if you鈥檙e dormant for Companies House . Find out how to restart your company . If you鈥檙e registered for VAT If you do not intend to trade again you must deregister for VAT within 30 days of your company becoming dormant. However, if you plan to restart trading, you must send 鈥榥il鈥� (empty) VAT returns while your company is dormant. If you employ people If you do not plan to restart trading in this tax year, you should close your PAYE scheme .

Dormant for Companies House

You must file your confirmation statement (previously annual return) and annual accounts with Companies House even if your limited company is: dormant for Corporation Tax dormant according to Companies House But if your company is dormant according to Companies House and also qualifies as 鈥榮mall鈥� you: can file 鈥榙ormant accounts鈥� instead don鈥檛 have to include an auditor鈥檚 report with your accounts Check what to include in your accounts if your company is small and dormant for Companies House. Dormant according to Companies House Your company is called dormant by Companies House if it鈥檚 had no 鈥榮ignificant鈥� transactions in the financial year. Significant transactions don鈥檛 include: filing fees paid to Companies House penalties for late filing of accounts money paid for shares when the company was incorporated You do not need to tell Companies House if you restart trading. 皇冠体育app next set of non-dormant accounts that you file will show that your company is no longer dormant.

Dormant companies and associations: Overview

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Dormant companies and associations

Overview

Your company or association may be 鈥榙ormant鈥� if it鈥檚 not doing business (鈥榯rading鈥�) and doesn鈥檛 have any other income, for example investments.

Dormant means different things for:

Corporation Tax and Company Tax Returns
annual accounts and returns for Companies House if you have a limited company

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Dormant companies and associations

Overview

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