Recent content by Rafikus

  1. Rafikus

    UK LLP filed dormant accounts but had non-UK trading activity — how to regularise?

    My understanding from HMRC HS380 is that if all partners are non-UK resident, the Partnership Tax Return should only show profits from UK operations. HMRC PM287000 also refers to partnerships with no UK resident partners, no UK income/gains, and managed and controlled outside the UK. So my...
  2. Rafikus

    UK LLP filed dormant accounts but had non-UK trading activity — how to regularise?

    That confirms my understanding that the first issue to correct is the Companies House filing, because dormant accounts were probably not appropriate if the LLP had trading transactions. I will gather the payment provider/bank records for each year and speak to a UK accountant about preparing...
  3. Rafikus

    UK LLP filed dormant accounts but had non-UK trading activity — how to regularise?

    what do you mean by red flag ?? I set up the UK LLP after following online guidance about using a UK legal entity for an international online business. The reasons were mainly practical: credibility, contracts, and access to payment providers. I now understand I may have confused two separate...
  4. Rafikus

    UK LLP filed dormant accounts but had non-UK trading activity — how to regularise?

    The purpose of the UK LLP was to operate an online retail / dropshipping business for non-UK markets, mainly France / Europe, using a UK legal entity for contracts, payment processing and supplier/customer operations. The LLP was not intended to have UK operations. It had no UK office, no UK...
  5. Rafikus

    UK LLP filed dormant accounts but had non-UK trading activity — how to regularise?

    Thanks, I agree that professional advice is needed. Just to clarify the point I am trying to understand: all LLP members are non-UK resident, the LLP is managed and controlled outside the UK, and there are no UK operations, no UK office, no UK employees, no UK stock, no UK assets and no UK...
  6. Rafikus

    UK LLP filed dormant accounts but had non-UK trading activity — how to regularise?

    Hello, I am looking for practical guidance regarding a UK LLP. The LLP was incorporated in 2020. All members are non-UK residents. The LLP is managed and controlled from outside the UK. It has no UK office, no UK employees, no UK stock, no UK property and no UK-resident members. The business...
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