Suspending Company

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weemster replied

27 July 2009, 14:46
Originally posted by Cyberman View Post

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

Ah Yes !

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

27 July 2009, 14:40
Originally posted by weemster View Post

Can you claim the dole ?

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

27 July 2009, 14:39
Can you claim the dole ?
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Cyberman replied

27 July 2009, 14:37
Originally posted by Paul77 View Post

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.
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PRC1964 replied

27 July 2009, 14:31
http://www.companieshouse.gov.uk/abo...ml/gba10.shtml
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weemster replied

27 July 2009, 14:29
And draw the dole at the same time
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Paul77 started a topic Suspending Company

27 July 2009, 14:27
Suspending Company

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
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