SRJ Accounting Services Ltd

Call us: 020 8207 0001 | Email : reception@srjaccounting.com

Search


Restarting a dormant or non-trading company


04/04/2024

HMRC must be informed when a non-trading or dormant company starts trading and becomes active for Corporation Tax purposes. Companies can use HMRC Online Services to supply the relevant information. 

When a company has previously traded and then stops it would normally be considered as dormant. A company can stay dormant indefinitely, however, there are costs associated with doing this and certain filings must still be made to Companies House. The costs of restarting a dormant company are typically less than starting from scratch again. 

The following steps are required:

  1. Tell HMRC that your business has restarted trading by registering for Corporation Tax again.
  2. Send accounts to Companies House within 9 months of your company’s year end.
  3. Pay any Corporation Tax due within 9 months and 1 day of your company’s year end.
  4. Send a Company Tax Return - including full statutory accounts - to HMRC within 12 months of your company’s year end.

Whilst reporting dates for annual returns and accounts should remain the same. The Corporation Tax accounting period is different and is set by reference to the date when the company restarts business activities.


Contact Office

SRJ Accounting Services Ltd
First Floor, Lumiere, Elstree Way
Borehamwood
Hertfordshire
WD6 1JH
 
Tel: 020 8207 0001
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
 

Newsletter sign up

With our newsletter, you automatically receive our latest news by  e-mail and get access to the archive including advanced search options!

Newsletter Sign Up  |  Login

Newsfeed Search