Dormancy Fees

Dormancy fees

If you are making your company dormant, and would like our advice on points 1 to 7 below, our fee is £650+VAT.

1. De-registering the company for VAT and helping file the final VAT return
2. Closing the company payroll scheme
3. Providing a step by step guide to the actions required before making the company dormant  including advising on the following: 
   1. When to stop paying yourself a salary from the company
   2. When to close the company payroll scheme
   3. When to de-register for VAT
   4. When to shut the company bank account and how to withdraw the funds
   5. Advising on how to handle any losses in the company (obtaining a cash payment from HMRC for any losses will be subject to an additional charge)
   6. Whether to extend or shorten the company year end
4. Assisting with determining the most tax efficient route to extract funds from the company
5. Dealing with any fixed assets in the company
6. Changing the company’s year end on Companies House if applicable
7. Changing the HMRC corporation tax filing periods if applicable

Please note that if you choose not to sign up to the relevant company closure package above, any advice on individual points will be charged at our usual manager or director rates. And in our experience, paying for the right advice can actually save the company significantly more than the fees above!