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Oct 29, 2012

Dormant companies and corporation tax – your reporting duties are changing

The way in which dormant companies plan on becoming active – and therefore liable to pay corporation tax – is changing under new rules by HMRC.

From 29 November 2012, companies will need to report to HMRC on one single form rather than the two current forms known as the CT204 Review and the CT204 Active Company.

New limited companies or organisations that are not yet active, or not yet carrying out business activity and trading, have up to three months to inform HMRC of the changes. Likewise, companies that have previously been active but are now dormant will also need to inform HMRC.

We can inform HMRC of any changes to your business structure and status. Please contact us to find out more.