I'm in the same situation and would like to minimise the amount of forms to fill in by deregistering for VAT. Can you tell me how you did this? What form must I fill in?
There is no form as such. A letter to Revenue will normally suffice, but whether they will act on it is another matter and you would need to follow this up after a few weeks to ensure that they have done so.
I'm in the same situation and would like to minimise the amount of forms to fill in by deregistering for VAT. Can you tell me how you did this? What form must I fill in?
There is no form as such.
You have to consider the balance between the costs of keeping the company going (dormant or not, the filing obligations remain the same) and the costs of dissolving the company and setting up a new one whenever you need to incorporate again.
For every year your company exists, it must prepare and file accounts. These can be relatively inexpensive to produce each year, especially if they are not audited, but you have to mind your CRO deadline. If you miss the filing deadline at the CRO, even by a day, you must pay late filing fees as set out in a previous post, but must also then have your accounts audited, which will cost more. Annual accounts preparation, possibly with an audit, plus filing fees (possibly with late fees too) plus the hassle, may be more than you wish to spend on maintaining a company that is not doing anything, especially if you need to have an accountant do all of these services for you.
Consider instead applying for Voluntary Strike-Off of the company, and whenever you want another company, set up a new one!
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