by admin | Feb 29, 2024 | Corporate Governance & Regulation |
If a company has stopped trading and has no other income, then the company is usually classed as dormant for Corporation Tax purposes. A company is usually dormant for Corporation Tax if it: has stopped trading and has no other income, for example investments;...
by admin | Feb 22, 2024 | Corporate Governance & Regulation |
A limited company is a company ‘limited by shares’ or ‘limited by guarantee’. Limited by shares This is the most common limited company structure. A limited by shares company is a separate legal entity owned by its shareholders and managed by...
by admin | Nov 30, 2023 | Corporate Governance & Regulation |
The Economic Crime and Corporate Transparency Act received royal assent on 26 October 2023. The new Act provides Companies House with more power to reduce the abuse of corporate structures whilst at the same time tackling economic crime. As part of the measures that...
by admin | Oct 12, 2023 | Corporate Governance & Regulation |
HMRC must be informed when a non-trading or dormant company starts trading again and thus becomes active for Corporation Tax purposes. Companies can use HMRC Online Services to supply the relevant information. When a company has previously traded and then ceases...
by admin | Sep 21, 2023 | Corporate Governance & Regulation |
The Economic Crime and Corporate Transparency Bill has completed its initial journey through the House of Commons and the House of Lords and is now at the stage known as, consideration of amendments. This is where the second House’s amendments are considered,...
by admin | Sep 7, 2023 | Corporate Governance & Regulation |
There are a number of reasons why you may consider closing your limited company. This could be because the limited company structure no longer suits your needs, your business is no longer active, or the company is insolvent. You will usually require the...
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