DS01 Submitted- What to do with Outstanding VAT Returns?

Discussion in 'Insolvency' started by JAR85, May 16, 2020.

  1. JAR85

    JAR85 UKBF Contributor Free Member

    31 1
    Hi everyone,

    I am following the Spongebob plan. The company has not traded since February.

    We have not filed the most recent VAT return. The previous return had VAT owing.

    Do I simply send the DS01 to someone at HMRC (VAT DMB)?

    Obviously Gov states:

    Final accounts
    You must send final statutory accounts and a Company Tax Return to HMRC.

    You don’t have to file final accounts with Companies House.

    Prepare your final accounts and company tax return.

    File your accounts and company tax return, stating that these are the final trading accounts and that the company will soon be dissolved.

    Pay all Corporation Tax and any other outstanding tax liabilities.

    I guess it's the nature of the S/bob plan that this is ignored?

    The company is a fit for the plan: small debt to one creditor, small crown debt, no stock, and Directors loan account owes ME rather than the more common situation.

    I guess I'm overthinking that something needs to be 'closed off' with the VAT- to be neat and tidy? Presumably, if they don't object/notice, HMRC will close it off?

    Many thanks...
     
    Posted: May 16, 2020 By: JAR85 Member since: Mar 23, 2018
    #1
  2. Scalloway

    Scalloway UKBF Legend Free Member

    16,034 3,386
    Yes you need to send them a copy. If you owe HMRC money they will object.
     
    Posted: May 16, 2020 By: Scalloway Member since: Jun 6, 2010
    #2
  3. JAR85

    JAR85 UKBF Contributor Free Member

    31 1
    To clarify my question, I'm asking if the overdue VAT return should still be filed?
     
    Posted: May 17, 2020 By: JAR85 Member since: Mar 23, 2018
    #3
  4. Scalloway

    Scalloway UKBF Legend Free Member

    16,034 3,386
    I would still file it. If you don't HMRC may issue an estimated assessment.
     
    Posted: May 17, 2020 By: Scalloway Member since: Jun 6, 2010
    #4
  5. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

    3,486 436
    HMRC will object to the dissolution if there are outstanding returns.

    Having said that Companies House will strike the Company off in due course for non filing of statutory returns.
     
    Posted: May 18, 2020 By: Lisa Thomas Member since: Apr 20, 2015
    #5