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What is dormant company

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What is dormant company
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Yogita Ingle 6 years, 10 months ago

A dormant company is an excellent opportunity to start a company for a future project or hold an asset/intellectual property without having significant accounting transactions . A dormant company is one that has been registered with Companies House but is not carrying on any kind of business activity or receiving any form of income. Therefore, HMRC considers it dormant (or inactive) for corporation tax purposes. It can be dormant from the date of its incorporation, or it can become dormant after a period of activity.

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