LTD Company dissolved. Now what? (EricMc?)
Discussion
LTD company set up in 2004 to help with a business idea. Needless to say it never even got off the ground. Kept it a couple of years on a 'What If' basis but then decided if anything were to happen it would not be in the immediate future so applied for the Limited company to be dissolved.
This has now been done. (Took just over 6 months!)
As a (former) director, what are my responsibilities to HMRC now the business has been dissolved? Do we still have to send back the few returns for the tax year in which we dissolved? (Ie, 2007/2008? All accounts will be Nil.) or can we just ignore any letters/penalties sent to the Limited company as it is now non-existent?
This has now been done. (Took just over 6 months!)
As a (former) director, what are my responsibilities to HMRC now the business has been dissolved? Do we still have to send back the few returns for the tax year in which we dissolved? (Ie, 2007/2008? All accounts will be Nil.) or can we just ignore any letters/penalties sent to the Limited company as it is now non-existent?
Don't ignore anything.
Write to the tax office and explain that the company was dormant throughout its existence and was then disolved on DD/MM/YY.
That should ensure that they take you off their system. Keep a copy of this letter on a file for future refernce if needed as proof that they were formally notified.
I'd telephone them as well to give them the same information.
Write to the tax office and explain that the company was dormant throughout its existence and was then disolved on DD/MM/YY.
That should ensure that they take you off their system. Keep a copy of this letter on a file for future refernce if needed as proof that they were formally notified.
I'd telephone them as well to give them the same information.
Eric Mc said:
Don't ignore anything.
Write to the tax office and explain that the company was dormant throughout its existence and was then disolved on DD/MM/YY.
That should ensure that they take you off their system. Keep a copy of this letter on a file for future refernce if needed as proof that they were formally notified.
I'd telephone them as well to give them the same information.
Hi Eric,Write to the tax office and explain that the company was dormant throughout its existence and was then disolved on DD/MM/YY.
That should ensure that they take you off their system. Keep a copy of this letter on a file for future refernce if needed as proof that they were formally notified.
I'd telephone them as well to give them the same information.
I have already written to them a few months ago telling them we were intending to dissolve the company and sending them the required notice as per Companies House instructions. I have also telephoned them.
Trouble is, I speak to so many different departments of HMRC and no individual department seems to know what the other is doing. I already have a notice from HMRC dated September stating they have no issues with us being dissolved but they still write to me/the company every so often!
Just keep trying.
I would return the forms, entering "nil" where appropriate and ensuring they are signed as well.
The Revenue these days are very much "form" based in that their procedures for chasing up and fining are closely linked to late return or non-return of forms.
If you ignore a particular form, the relevant section of the Revenue will kick the reminder/penalty notice/fining procedures into gear.
Which sections of the Revenue are chasing you,
VAT?
PAYE?
Corporation Tax?
All three?
They really do need to be informed separately.
I would return the forms, entering "nil" where appropriate and ensuring they are signed as well.
The Revenue these days are very much "form" based in that their procedures for chasing up and fining are closely linked to late return or non-return of forms.
If you ignore a particular form, the relevant section of the Revenue will kick the reminder/penalty notice/fining procedures into gear.
Which sections of the Revenue are chasing you,
VAT?
PAYE?
Corporation Tax?
All three?
They really do need to be informed separately.
And I've had the opposite happen - whereby the company was struck off but PAYE people kept sending out reminders and P35s - even though they had been notified.
The Revenue can be quite inconsistent.
If the company is no longer in existence but he IS still getting paperwork from the Revenue it would be very, very unwise to just ignore it.
The Revenue can be quite inconsistent.
If the company is no longer in existence but he IS still getting paperwork from the Revenue it would be very, very unwise to just ignore it.
Eric Mc said:
And I've had the opposite happen - whereby the company was struck off but PAYE people kept sending out reminders and P35s - even though they had been notified.
The Revenue can be quite inconsistent.
If the company is no longer in existence but he IS still getting paperwork from the Revenue it would be very, very unwise to just ignore it.
Eric,The Revenue can be quite inconsistent.
If the company is no longer in existence but he IS still getting paperwork from the Revenue it would be very, very unwise to just ignore it.
If I were to ignore any letters, penalties etc that built up.. what would be the worst that was to happen? All the correspondence is sent to the company for the attention of myself at an address I have now moved from (although the post is forwarded to me).
I have already informed all of the departments I have had letters from in the past (PAYE, Corp Tax) before but often a single department (PAYE, for example) send me letters from at least 3/4 different addresses around the country and it all becomes rather confusing.
All the returns would be Nil anyway, so would a simple letter saying "Company dissolved, not traded since last return, please remove us from your records" be enough if it were posted in response to any letters/demands received?
I'm afraid all you can do is keep informing them until they get the message. Use the phone numbers on any paperwork you receive to call them. Back that up with letters if necessary.
Strictly speaking, because the company no longer exists there is little they could do to collect unpaid penalties - but they do have the powers to chase directors individually if they are so inclined.
Strictly speaking, because the company no longer exists there is little they could do to collect unpaid penalties - but they do have the powers to chase directors individually if they are so inclined.
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