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How To Inform Hmrc That Non-Trading Ltd Company

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DIVAW2007 | 13:57 Tue 12th Jul 2016 | Business & Finance
3 Answers
My husband has set up as a soletrader and we were advised that we must register with Companies House.

We have purchased our company yet the company we purchased this through has set this up as a Ltd company incase we wish to go Ltd in the future. As we are not trading as a Ltd company I have been told to inform HMRC that we are non-trading and that must complete DCA.

Is there anything else I need to do. I don’t want to have missed anything and be stuck with a huge fine. This is all completely new to us and a lot more complicated than we initially expected.

Thanks

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"set up as a sole trader and we were advised that we must register with Companies House."
You've had some bad advice. If you are a sole trader, you don't need to register with Companies House.
If you don't intend to trade as a limited company, then you didn't need to purchase a company at all.

Question Author
We have since been told this but unfortunately, after purchasing the company!

Other than informing HMRC asap that non trading and completing the DCA next year is there anything else that I need to do? When I looked at the DCA it said I must submit a confirmation statement and a copy of PSC. I don't even know how to get a PSC.

I wish I hadn't been misadvised, I'm feeling like we have bitten off more than we can chew at the moment. What started as an exciting adventure is slowly turning into a nightmare of paperwork and potential fines.
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