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?)
Replies (6)
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What does your accountant say?
Don't tell me you have been doing your accounts and tax yourself!
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.