Q: Dormant Company and Tax

Dormant Company and Tax Q: We are a limited company with 15 shareholders for the 15 flats in our building. We do not trade, nor do we have "income" except for advance payments from our 15 shareholders to cover our annual operating costs. In terms of Companies House and the Inland Revenue, what is our category? We are not sole traders, nor a trading company, nor an individual. FPRA Hon Consultant Gordan Whelan replies: For Companies House your SIC Code is 98000 – Residents Property Management. With regards to HMRC your status is a dormant company. You should write to HMRC explaining your circumstances and that you have no income arising from your activities. Your letter should include a request to dispense with the requirement to submit corporation tax returns. [Submitted September 2019]

Q: Dormant Company and Tax

Dormant Company and Tax Q: We are a limited company with 15 shareholders for the 15 flats in our building. We do not trade, nor do we have "income" except for advance payments from our 15 shareholders to cover our annual operating costs. In terms of Companies House and the Inland Revenue, what is our category? We are not sole traders, nor a trading company, nor an individual. FPRA Hon Consultant Gordan Whelan replies: For Companies House your SIC Code is 98000 – Residents Property Management. With regards to HMRC your status is a dormant company. You should write to HMRC explaining your circumstances and that you have no income arising from your activities. Your letter should include a request to dispense with the requirement to submit corporation tax returns. [Submitted September 2019]

Question 1

Dormant Company and Tax

Accepted Answer

Dormant Company and Tax Q: We are a limited company with 15 shareholders for the 15 flats in our building. We do not trade, nor do we have "income" except for advance payments from our 15 shareholders to cover our annual operating costs. In terms of Companies House and the Inland Revenue, what is our category? We are not sole traders, nor a trading company, nor an individual. FPRA Hon Consultant Gordan Whelan replies: For Companies House your SIC Code is 98000 – Residents Property Management. With regards to HMRC your status is a dormant company. You should write to HMRC explaining your circumstances and that you have no income arising from your activities. Your letter should include a request to dispense with the requirement to submit corporation tax returns. [Submitted September 2019]

Question 2

Dormant Company and Tax

Accepted Answer

Dormant Company and Tax Q: We are a limited company with 15 shareholders for the 15 flats in our building. We do not trade, nor do we have "income" except for advance payments from our 15 shareholders to cover our annual operating costs. In terms of Companies House and the Inland Revenue, what is our category? We are not sole traders, nor a trading company, nor an individual. FPRA Hon Consultant Gordan Whelan replies: For Companies House your SIC Code is 98000 – Residents Property Management. With regards to HMRC your status is a dormant company. You should write to HMRC explaining your circumstances and that you have no income arising from your activities. Your letter should include a request to dispense with the requirement to submit corporation tax returns. [Submitted September 2019]

Dormant Company and Tax

Search

Articles Archive