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A dormant company may not be in the forefront of directors minds; however, even if they do not intend to carry on any kind of business activity or receive any form of income, they must still file annual accounts and send Companies House confirmation statements every year.
Overview ActionDeadlineFile annual accounts with Companies House9 months after your companys financial year endsPay Corporation Tax or tell HMRC that your limited company does not owe any9 months and 1 day after your accounting period for Corporation Tax ends2 more rows
No, you dont legally need an accountant, you can choose to complete your own accounts, which can include preparing and filing your accounts, your company tax return and other documents needed to be sent to Companies House after your companys financial year end.
The easiest way to file your nil corporate tax return is to hire an accountant who will do it for you. That is not only the most straightforward way but the safest, because your accountant knows what information is required and can prepare all documents correctly.
Fees and timelines in 2023 Incorporation costs in Year 1 amount to 1,450 and annual company costs in Year 2 and thereafter amount to 600. The average fee per UK company registration engagement amounts to 8,990, which includes company incorporation, opening a local corporate bank account, and all government fees.

People also ask

The purpose of the annual report is to provide data and analysis regarding your companys operations and financial performance. As such, the financial statements it contains are essential. Important financial statements include your companys: Income statement.
It costs: 13 to file your confirmation statement online. 40 to send us a paper form.
The corporate tax return is generally due by the 15th day of the fourth month following the end of the corporations tax year. See the Instructions for Form 1120, U.S. Corporation Income Tax Return for due dates and exceptions to due dates.
In short, YES, you can prepare your corporate tax return, and file it with the CRA. There is no requirement to have an accounting degree or experience to do it.
The deadline for sending accounts to Companies House is 9 months after the end of your companys financial year. However, your first set of accounts after incorporation will be due 21 months after the date of incorporation.

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