Re: De minimus Corporation tax?

On 7 Dec, 10:21, "Sue" <m...@xxxxxxxxxxxxxxx> wrote:
My ltd co made an overall loss last year, but received total gross bank
interest of nearly £5. Does the company need to pay corporation tax (of
under a pound!), or is there a de-minimus limit for corporation tax that
might mean it doesn't have to pay any? .................. ;-)
Thanks for any advcie!

If you write to HMRC they may say you don't need to complete tax
returns in these circumstances.

The "official" advice is as set out here http://www.hmrc.gov.uk/ctsa/small-tax-liabilities.htm

If this is just a one-off can't you use the losses? If this is the
same each year why don't you make the company dormant?
.