{"id":1337,"date":"2021-08-05T04:00:00","date_gmt":"2021-08-05T04:00:00","guid":{"rendered":"im-22223"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T00:00:00","slug":"when-is-a-company-dormant-for-tax-purposes","status":"publish","type":"post","link":"https:\/\/ep-accountants.co.uk\/when-is-a-company-dormant-for-tax-purposes\/","title":{"rendered":"When is a company dormant for tax purposes?"},"content":{"rendered":"<p>If a company has stopped trading and has no other income then the company is usually classed as dormant for Corporation Tax purposes.<\/p>\n<p>A company is usually dormant for Corporation Tax if it:<\/p>\n<ul>\n<li>has stopped trading and has no other income, for example investments<\/li>\n<li>is a new limited company that hasn&rsquo;t started trading<\/li>\n<li>is an unincorporated association or club owing less than &pound;100 Corporation Tax<\/li>\n<li>is a flat management company<\/li>\n<\/ul>\n<p>HMRC can also send a notification if they think a company is dormant. This notice will state that a company or association is dormant and is not required to pay Corporation Tax or file Company Tax Returns.<\/p>\n<p>Limited companies are still required to file annual accounts and a confirmation statement even if the company is dormant for Corporation Tax and according to Companies House. A company defined as &#39;small&#39; by Companies House can instead file &#39;dormant accounts&#39; and doesn&rsquo;t have to include an auditor&rsquo;s report.<\/p>\n<p>A dormant company must also ensure they deregister for VAT within 30 days of the&nbsp;company becoming dormant and close any unused PAYE schemes. A company can stay dormant indefinitely, however there are costs associated with this option. This might usually be done if for example a company is restructuring its operations or wants to retain use of a company name, brand or trademark.<\/p>\n<div style='font-size:smaller' class='im_source'>Source: HM Revenue &#038; Customs   Tue, 03 Aug 2021 00:00:00 +0100<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If a company has stopped trading and has no other income then the company is usually classed as dormant for Corporation Tax purposes.<\/p>\n<p>A company is usually dormant for Corporation Tax if it:<\/p>\n<p>\thas stopped trading and has no other income, for example<\/p>\n","protected":false},"author":1,"featured_media":1338,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[36],"tags":[],"_links":{"self":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/1337"}],"collection":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/comments?post=1337"}],"version-history":[{"count":0,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/1337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media\/1338"}],"wp:attachment":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media?parent=1337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/categories?post=1337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/tags?post=1337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}