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What's latest possible date for becoming dormant?

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We currently have an active company that has been trading for 2 years. We have not been actively trading at all for past 4 months & are considering becoming dormant (as apposed to dissolving as we want to protect our company name/trade mark).

Potentially we want to retain if need be the ability to begin trading this year should circumstances change. Our accounting reference date 31st May & we be submitted our second full set of accounts period 1st June 18 – 31st May 19.

But in relation to the subsequent accounts, what is the latest possible date we can inform HMrev that we are no longer actively trading / dormant in order to avoid having to submit a further full corporation accounts to HMrev for the period following 31st May 2019 (as opposed to merely simple accounts to Companies house?)

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By Accountant A
14th Oct 2019 20:28

What does your accountant say?

Don't tell me you have been doing your accounts and tax yourself!

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By Matrix
14th Oct 2019 20:54

31 May 2021

But I don’t know what “not actively trading” means. You have either ceased trading or you haven’t. I would discuss with your accountant and then they can write to HMRC to stop the requirement for tax returns. I assume you also know that any expenses will not be deductible during your non-trading/dormant periods.

The rules at Companies House are different.

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By bcdbooks
29th Oct 2019 15:27

Ok. To be clear. We submitted our most recent accounts for period:
1st June 18 – 31st May 19. Since 31st May we have not traded in any way, no income or expenditure.

We qualify for being dormant but have not done so yet as want to wait to see if personal circumstances change this year if they do we may begin trading again. If not I want to know what the latest possible date we can inform HMrev that we are no longer actively trading / dormant in order to avoid having to submit a further full corporation accounts to HMrev for the period following 31st May 2019 (as opposed to merely simple accounts to Companies house?)

Or is it already too late should we have done it already>

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By The Dullard
29th Oct 2019 15:58

Well, I'd tell HMRC right now, but I might have changed my mind by tomorrow.

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By bcdbooks
05th Nov 2019 15:24

Not very helpful. Does no-one out there no the answer.....

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Replying to bcdbooks:
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By JoF
05th Nov 2019 16:36

bcdbooks wrote:

Not very helpful. Does no-one out there no the answer.....

know the answer.

Your Accountant will know. He/she can also check if you are truly dormant, many think they are and find out they are not.

You've actually had the answer, but cannot see it.

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Replying to bcdbooks:
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By Matrix
05th Nov 2019 19:37

I gave you the answer a few weeks ago.

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