Mark Company as Dormant with HMRC in UK

Why do I need to mark my company as dormant?

All companies are automatically registered with HMRC and will receive a company tax return reminder on a yearly basis. If you are receiving reminders this means that you are required to file a tax return.

 

If your company is dormant (has not traded), there is no requirement to file tax returns but you must file until you have registered your company as dormant with HMRC. By registering your company as dormant, this will update HMRC’s records, and you will not be required to file company tax returns on a yearly basis.

 

How long does it take to mark my company as dormant?

 

It usually takes around 5 business days to mark your company as dormant with HMRC, however this does depend on their workload.

 

Once your company has been marked as officially dormant, we will send you email confirmation.

 

What happens if I don’t mark my company as dormant?

 

If your company has not traded and you do not mark it as dormant, HMRC will still send you company tax return reminders by post and they will request that you file a company tax return.
Failure to file your company tax return on time will result in your company receiving a penalty. Therefore, if you have a company that has not traded, it is recommended that you mark it as dormant with HMRC as soon as possible.

 

When can I mark my company as dormant?

 

You can mark your company as dormant whenever you like. However, it is recommended that you mark your company as dormant within the first year of your company being registered.
Most people choose to mark their company as dormant as soon as it has been registered.

For more information send us an email to:
info@companiesuk.net