Suspending Company

[Paul77]

Hi,
As contracts are difficult to get hold at the moment - does anyone know
whether its possible to 'suspend' one's company - I believe you then don't need
to pay accountancy fees and at the end of the financial year one informs HMRC that the company has not been trading - you don't need to submit annual accounts. But if, before April you do land a contract then the company can easily be re-activated and an account re-appointed. Does anyone have any experience on the details of this?

Paul

[weemster]

And draw the dole at the same time

[PRC1964]

http://www.companieshouse.gov.uk/abo...ml/gba10.shtml

[Cyberman]

Hi,
As contracts are difficult to get hold at the moment - does anyone know
whether its possible to 'suspend' one's company - I believe you then don't need
to pay accountancy fees and at the end of the financial year one informs HMRC that the company has not been trading - you don't need to submit annual accounts. But if, before April you do land a contract then the company can easily be re-activated and an account re-appointed. Does anyone have any experience on the details of this?

Paul

I did this. Speak to your accountant. My fees are 140 quid a year for dormancy, but on the recommendation of my accountant and based on previous experience it is worthwhile remaining VAT registered and keeping your PAYE reference as it saves a lot of hassle once you restart trading. Accounts still need to be filed annually.

[weemster]

Can you claim the dole ?

[Cyberman]

Can you claim the dole ?

Yep, but only for six months unless you are destitute.

[weemster]

Yep, but only for six months unless you are destitute.

Ah Yes !

http://forums.contractoruk.com/gener...e-benched.html