New Company - Dormant to Active

[Jyemstone]

I've notified HMRC that my company is dormant as i'm still setting up, but does it become active when I start buying stock, or I start trading?

Thanks

 

[elaine@cheapaccounting]

Have a read here to decide :

http://www.hmrc.gov.uk/ct/getting-started/trading.htm

 

[Jyemstone]

Perfect!

Thanks Elaine, I was searching and just couldn't find anything.

 

[elaine@cheapaccounting]

I am Queen of searches on the HMRC site

 

[Jyemstone]

You sooo are Queen Elaine

 

[SEE]

Hi, I had this exact same situation.

I spoke to HMRC, who said that, whilst i was buying stock i was dormant, but became active at the point that i was actively looking for clients - for me when my website went live.

Hope that helps

 

[Jyemstone]

Thanks SEE

I'm hoping to order all my stock in the next few weeks, bank account gets opened tomorrow and website will be built and live in Jan/Feb next year, so i'll notify HMRC then.

Jem