Hello
the limited company was incorporated on 8/12/14. In the beginning of April 2015 directors decided to cease trading because their private life changes. There was no trading activity of LTD co, no even one transaction in the companies account, no bank account opened, nothing. Directors sent DS01 and Companies House changed their company status to '' Active - Proposal to Strike off'' on 02/05/15. Do they have to inform HMRC as well about that? what is the scenario of next steps? will they have to submit CT ( all would be £.00)? advice more that welcome :) Thank you :)
Bazz
Related resources
Replies (13)
Please login or register to join the discussion.
Sit tight and wait for strike off. HMRC are unlikely to object to the strike-off. If the strike-off goes ahead then it's all over and congratulations.
In the unlikely event that HMRC do object to the strike-off, ring them and explain that there was no trading activity and that no transactions were made. They may well remove their objection and the strike-off will go ahead.
In the extremely unlikely event that it goes further than that, post a follow-up question here.
thanks Tim Vane :) very quick and very nice to here it:) now I am sitting tight and waiting :) 3 months? thank you again!
Trading
You say the company "ceased trading".
I'm assuming that was a figure of speech as you later say that there was no trading.
In which case, I agree with my learned colleague.
hi Tax guru - should they send copy of DS01 to HMRC even if they now there is no any movement on account? no the one transaction? so no CT due?... sorry couldn't find that infor clicking on your links :(
Technically ....
.... HMRC are a contingent (or possible) creditor.
Personally, I wouldn't bother - but they may ask. Even if you bother, they may still ask because the letter's still in their in-tray.
ok, thank you all, thanks, now they (directors) can only wait ... we will see, I will let you know, ok :)
I would
Write to HMRC and advise them that there was no activity in the company so that they don't raise an objection to the striking off.
Things have been done in the wrong order. The right order is to square HMRC first and then apply to strike off.
But despite this back to front approach, given the position that has been reached I would sit back and do nothing, and just await developments. The worst outcome is that the £10 fee paid to CH has been wasted because HMRC object. If that happens you just start again but do things in the right order.
@ John
John - if there's an objection, do you have to make another, separate application after that objection has been settled one way or the other ?
I had always assumed that the objection simply delayed the process.
I confess I have never come across it. I assumed that you had to re-start the process afresh, but you may be right that you only have to re-start the stalled process - in which case there is not even the loss of £10 to worry about.
Me neither
Never happened to me either.
Ah well, it's only a tenner, and the client's tenner at that.
You don't need to re-start the process
It is reviewed periodically. Every three months I think.