Limited company is the parent company. Only transaction purchased investments in subsidiary companies. When does it become liable to complete CT41G form? (does not carry out any trading and does not have any transactions). Thanks for your answer.
jim
Related resources
Replies (1)
Please login or register to join the discussion.
No requirement to complete CT41G
As far as I am aware, there is still no statutory requirement to complete form CT41G.
There is a requirement to notify the Inspector when the company starts being liable for corporation tax. As this company is not liable for corporation tax at present (no taxable income) then I don't think it has any reporting requirements.
However, it is sensible to inform the relevant tax office that the company is not trading and not liable to tax. Otherwise you will keep getting return reminders, and eventually late filing penalties and possibly determinations, when you don't submit any returns.