Stopping Trading For 12 Months

[Freddytwoshoes]

I have a registered company which has been trading for two years, but as i have to have hip and knee replacement , I wish to cease trading for 12 months . Do I just inform my accountant or do I have to inform customs house , vat, etc. Any advice would be appreciated.

[Skyline D]

If you have an accountant, just tell him. He will tell anyone else who needs to know. It's unlikely you'll be de-registered for anything though if there's a genuine intention to re-start down the line. Presuming you really meant "company" rather than "business" it will still need annual accounts completed and sent to companies house even if you are not trading.

[Islay]

Your accountant will need to still complete a dormant return by the end of your current accounting period or else you will be hit with fines!
A lot of accountants don't think you have to but you do!