IBC Accountants

I.B.C Accountants based in Rochester in Kent are a busy firm of Accountants established in 1978 by Alan F Keeves who practised sole from 1978 then in 1996 he set up I.B.C Accountants who have become known for our expertise in assisting our Clients achieve their ambitions whether their businesses are small, medium or large both in the UK, Europe & South America.

I.B.C Accountants provide a wide range of services from accountancy to forensic accounting and can assist you with a full range of advice in all aspects of business.   I.B.C Accountants has the benefit of 39 years experience.


Please help support Becky Keeves and the wonderful MacMillan Nurses.

https://www.justgiving.com/fundraising/sara-cummins1

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When is a company dormant for tax purposes?
05/08/2021

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
  • is a new limited company that hasn’t started trading
  • is an unincorporated association or club owing less than £100 Corporation Tax
  • is a flat management company

HMRC can also send a notification if they think a company is dormant. This notice will state that a company or association is dormant and is not required to pay Corporation Tax or file Company Tax Returns.

Limited companies are still required to file annual accounts and a confirmation statement even if the company is dormant for Corporation Tax and according to Companies House. A company defined as 'small' by Companies House can instead file 'dormant accounts' and doesn’t have to include an auditor’s report.

A dormant company must also ensure they deregister for VAT within 30 days of the company becoming dormant and close any unused PAYE schemes. A company can stay dormant indefinitely, however there are costs associated with this option. This might usually be done if for example a company is restructuring its operations or wants to retain use of a company name, brand or trademark.


Accountancy

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Accountancy

If you need advice in either a start up or in expanding your business then I.B.C can assist you.

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Taxation

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Taxation

If you need advice in either a start up or in expanding your business I.B.C can assist you.

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VAT

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VAT

We assist with you with all of your VAT needs and offer advice on all aspects of VAT

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Forensic Accounting

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Forensic Accounting

These services can considerably strengthen your case and cut your litigation costs.

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Contact Us

Suite 1, Unit C3, Knights Park Industrial Estate
Knight Road
Rochester
Kent
ME2 2LS
Email: intbusinesscentreibc@gmail.com
Phone: 01634 564290

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