Dormant companies and associations
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 hasn바카라 사이트™t started trading
- is an unincorporated association or club owing less than £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:
- they바카라 사이트™ve decided to treat your company or association as dormant
- that you don바카라 사이트™t 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 it바카라 사이트™s dormant for Corporation Tax.
If you바카라 사이트™ve filed a Company Tax Return or had a 바카라 사이트˜notice to deliver a Company Tax Return바카라 사이트™
You바카라 사이트™ll still need to file a Company Tax Return online - this will show HMRC that your company is dormant for this period.
Limited companies
You don바카라 사이트™t need to pay Corporation Tax or file another Company Tax Return once you바카라 사이트™ve 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 you바카라 사이트™re dormant for Companies House.
Find out how to restart your company.
If you바카라 사이트™re 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 바카라 사이트˜nil바카라 사이트™ (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.