Closing a Limited Company?

[UIAUK]

Hi all

Formed a limited company back in Jan 2006 but have not yet started trading.

Any idea how difficult it would be to close it? and what would need to done?

All advises welcome.

thanks

 

[Ozzy]

Hi,
Pretty simply if you havent traded. File a form 652a and send into Companies House with a cheque for £10. You can download the form from Companies House website

 

[UIAUK]

Thanks for that.

And what about the HMRC? Do i also have to let them know?

 

[stugster]

Nope, if you haven't traded they wont know about you yet.

 

[Alpha]

Nope, if you haven't traded they wont know about you yet.

Oh yes they will

Yes just drop them a polite letter to the address that is on the form CT603 that you should have received just before your year end explaining that you have not traded and will be striking off the company

 

[stugster]

Oh... I was under the impression that until CT600 was filled out and returned that the company was not registered at HMRC as being active.

 

[Alpha]

Oh... I was under the impression that until CT600 was filled out and returned that the company was not registered at HMRC as being active.

Well you are totally under the wrong impression then

All limited companies setup are automatically notified to HMRC who issue a form CT41G.

If this is not returned then they automatically issue a notice to file a CT return which if you do not file or notify them that you are a) dormant or b) striking off the company they will automatically issue non filing penalties.

 

[stugster]

Why does HMRC form CT41G state that you only need to fill it out once you have begun trading then? If they automatically file a CT return form anyway?

 

[Alpha]

Why does HMRC form CT41G state that you only need to fill it out once you have begun trading then? If they automatically file a CT return form anyway?

Probably because they expect that within the 12 months following the formation of the company, that you will have come within the charge to CT and work on the assumption that you just did not tell them. (There are many other instances of areas that HMRC make these type of assumptions and often not in a consistant manner eg many companies will automatically be set up under PAYE whether they wish to be or not......an example is that I set up 2 companies, one for a husband and one for a wife at the same time and the same address(and tax office). Neither one requires a PAYE scheme setting up however HMRC have set one up for the husbands company but not the wifes!!!)

Never expect HMRC to do anything logically

 

[stugster]

Haha! Thanks Alan! Very good thread this!

 

[UIAUK]

Thanks all

I'll send off the form 652a and also inform the HMRC.

Say in the future - i wish to form this company again - would that be easy to do? (obviously if the name is still available)?

Ta