I have recently formed a Company Limited by Guarantee and i was wondering (as the HMRC website is that clear) if i could apply for Dispensation:
Our directors do not take a wage and there is no dividend paid to them. The only real expenses that we have is for travel and various promotion expenditure like buying posters and merchindise to sell.
We have only been incorporated for a few days, i've been told that i have to put in a self-assesment tax return this time next year even though i do not take a wage from the company?
Thanks for your help.