Inland Revenue Forms - Corp tax, etc.

And charge you for it. You probably want to appoint your wife secretary, it's a doddle.

No but it sounds like it would be a good idea to do so.

The agent is the accountant or whoever you authorise to talk to the Revenue on your behalf. Otherwise the company's affairs are confidential.

Many companies do - accounts are somewhat more formal than for self employed. Some types of company apparently need an accountant - better check if your type does.

Its someone that deals with the tax office for you. So rather than the tax office sending you stuff to pass on to someone else to complete, they can deal directly with your named representative.

Martin <

No, but it may be a good idea. The "or other agent" can be whoever you want to deal with the tax affairs, including yourself.

That is the same thing as the "or other agent" above.

It is not required, but if you do have an accountant, it usually makes things a lot simpler if you do authorise them to be your agent.

Thanks all, so if I don't authorise an agent, the IR just send the forms to me.

Also, the first form says that it should be returned ASAP of the IR would estimate tax bills. How would they do this considering the company is not trading yet?

They will pluck a figure out of the air and keep increasing it until you give them the actuals. Then the estimated tax, penalties and interest are replaced by the actuals.

A huge amount of confusion can result from estimating. Take somebody who hasn't been paying his VAT, every quarter the estimates and the interests are posted, then he starts dribbling money back via the bailiffs, £1,000 here, £2,000 there, the revisions of the interest can pretty soon make the position irreconcilable.

Yes, but what if the company is not trading. What if it is dormant? I guess though the point is that even dormant companies need to return this form.

So when I return this form what happens reagarding corporation tax? By this I mean, what is the next situation - when would the IR contact me again?

Thanks.

If the company is dormant then notify the inland revenue will stop most forms coming through