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|Original Message Added : 11 May 2012|
I am thinking about releasing free software under the company's name before I start charging for it to 'test the water'. I also intend to license my personal intellectual property to the company at zero cost and (initially) under terms which do not permit the company to generate revenue from it. My question is whether any of this activity counts as trading even though it generates no income and incurs no cost and hence whether I have to inform HMRC about it?
|Reply : 16 May 2012|
Also contact Companies House - A dormant company must not have any accounting transactions except specific allowable transactions that it can disregard
|Reply : 18 May 2012|
Do you need to call the IP office? It is telephone expense
Do you need to send them by post? It is postage
|Reply : 20 May 2012|
|Reply : 5 Jun 2012|
In your case the company has not yet come in to charge.
Here's some guidance from HMRC:When your company or organisation has not yet started trading
Generally, HMRC considers that your company or organisation has not yet become active or started trading if it has not yet engaged in any business activity. In this context, business activity means carrying on a trade or profession, or buying and selling goods or services with a view to making a profit or surplus.
Your newly-formed company or organisation may not be active. However, you may still carry out activities (known as 'pre-trading activities') or incur costs (known as 'pre-trading expenditure') before you officially open your business without HMRC deeming that you have started trading.
Activities or expenditure to do with setting up a business that are not considered trading by HMRC for Corporation Tax purposes include: