Rustie04

Thank you but I have not stopped my business or intend to. I am ltd company, i have paid for expenses and have some Current assets, but no trading income. Products are in WIP as still not developed enough to sell or advertise. I am unsure if the Company would be classed by HMRC as dormant or active. Sorry if i did not make this clear, so wanted to check if I would be classed as dormant or active for Corporation Tax,

Hi, I have no trading income but expenses such as Software package costs, advertising and legal fees. Would I be classed as dormant or do i complete tax returns as normal but with no trading income. If I am dormant, can I claim these costs when i have trading income?

Used the services of a company formation agent to set up limited company and paid from personal funds. Lots of conflicting information if this is tax deductible or not. Please can any one help here.