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Post Info TOPIC: New company registration
Count1314


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New company registration
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I have assumed that Co House tells HMRC that a new Ltd company has been registered......so assumed that the company

is set up for Corp Tax. Then it mentions three months to let HMRC know after trading has commenced!

 

So what needs to be done and what are penalties for not having done this???

 



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woody88


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When a new limited company is formed, Companies House do indeed inform HMRC and in turn HMRC will write to the new limited company at their registered office with form CT41G.

This form provides the Unique Tax Reference for the Company and also allows you or the client to detail if the company will be dormant or trading. In addition, you also inform HRMC of the proposed start date and first yar end for the company.

The three month rule you mention I believe is for Individual/Partnership Self Assessment and not for limited companies.

Hope this helps.

Ben



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Count1314


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Thanks Ben

 

I hope this is the case. The client isn't the best at forwarding correspondence even from HMRC and I am

not yet set up as the agent. I don't want to pay any charges for being late in contacting HMRC!!

R



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