Created UK company, never used it - GoFuckYourself.com

iSpyCams · 02-15-2012, 10:40 AM

A few years back I created a UK company which I never used. Apparently I am being fined now for not filing tax returns in the UK.

It looks like it would cost a bit of money and hassle to get it all taken care of and I'm wondering what would happen if I just said "fuck it" and left it alone?

Can I be extradited from the US? What would the penalties be?

emjay · 02-15-2012, 10:44 AM

I doubt you would be extradited lol

But the fine will continue to rise, and you could be barred from opening another UK company in the future...

Johny Traffic · 02-15-2012, 11:06 AM

You will be extradited and hung for crimes against the crown and the queen will cut your head off, you'll be drawn in half then quartered.

Take a look at the film brave heart and see what happened to Mel Gibson. Thats you next

2012 · 02-15-2012, 11:08 AM

if buying coffee with cash is considered "terrorist activity" then you ... are really fucked

Klen · 02-15-2012, 11:09 AM

You will also need to avoid traveling to uk.

redwhiteandblue · 02-15-2012, 11:32 AM

If you never used it, it should have been a dormant company and the annual return to Companies House should have said so. If no annual return to Companies House was made, it should have been struck off the register of companies, and once that happens the IR can go fuck themselves.

v4 media · 02-15-2012, 11:35 AM

If it's registered as dormant you don't need to file tax returns, did an accountant set it up?

halfpint · 02-15-2012, 11:38 AM

Quote:

Originally Posted by pompousjohn

A few years back I created a UK company which I never used. Apparently I am being fined now for not filing tax returns in the UK.

It looks like it would cost a bit of money and hassle to get it all taken care of and I'm wondering what would happen if I just said "fuck it" and left it alone?

Can I be extradited from the US? What would the penalties be?

OHH dont piss off HM Revenue and Customs over here in the UK, They wont just let it go believe me, get it sorted out

redwhiteandblue · 02-15-2012, 11:40 AM

The Inland Revenue aren't actually that bad to deal with to be honest, unless you really owe them a lot of money and they think you're deliberately hiding it. Customs and Excise are a different matter.

iSpyCams · 02-15-2012, 11:42 AM

I never did anything with it after I set it up. I was trying to get EU processing at the time to avoid Visa fees but that ended up being a bad idea and I just bit the bullet and did it all with my US company.

halfpint · 02-15-2012, 11:53 AM

Quote:

Originally Posted by redwhiteandblue

The Inland Revenue aren't actually that bad to deal with to be honest, unless you really owe them a lot of money and they think you're deliberately hiding it. Customs and Excise are a different matter.

Nope they are not that bad to deal with as long as you sort it out and dont just think they will drop it, I know from experience of owing money to them when I was self employed for 5 years.

sojproductions · 02-15-2012, 11:58 AM

you should have registered it dormant, you will also need to pay companies house the yearly registration fee of £15 or what ever it is for each year, tax returns can just say nil. Just call them and they will sort it with you - i've had numerous companies and they've always been really easy to work with.

NALEM · 02-15-2012, 12:06 PM

Should of, would of, could of ... get a accountant to file the paperwork. Negotiate a reasonable fee for the services, and keep a clear record with Inland Revenue. You never know when you will want to form another LTD in the UK.

02-15-2012, 10:40 AM	#1
iSpyCams Amateur Gynecologist Industry Role: Join Date: May 2009 Location: Medellin Posts: 4,436	Created UK company, never used it A few years back I created a UK company which I never used. Apparently I am being fined now for not filing tax returns in the UK. It looks like it would cost a bit of money and hassle to get it all taken care of and I'm wondering what would happen if I just said "fuck it" and left it alone? Can I be extradited from the US? What would the penalties be?

02-15-2012, 10:44 AM	#2
emjay Confirmed User Join Date: Dec 2004 Location: Back in Blighty Posts: 4,277	I doubt you would be extradited lol But the fine will continue to rise, and you could be barred from opening another UK company in the future... __________________ I Run 500+ WhatsApp Groups. The Zuck Owns Me www.emjayconsultancy.com

02-15-2012, 11:06 AM	#3
Johny Traffic Confirmed User Join Date: Apr 2003 Posts: 5,461	You will be extradited and hung for crimes against the crown and the queen will cut your head off, you'll be drawn in half then quartered. Take a look at the film brave heart and see what happened to Mel Gibson. Thats you next __________________ hosted flv's, hosted galleries, morphing rss feeds, free content, free sites, hosted blog

02-15-2012, 11:32 AM	#6
redwhiteandblue Bollocks Industry Role: Join Date: Jun 2007 Location: Bollocks Posts: 2,793	If you never used it, it should have been a dormant company and the annual return to Companies House should have said so. If no annual return to Companies House was made, it should have been struck off the register of companies, and once that happens the IR can go fuck themselves. __________________ Interserver unmanaged AMD Ryzen servers from $73.00

02-15-2012, 11:40 AM	#9
redwhiteandblue Bollocks Industry Role: Join Date: Jun 2007 Location: Bollocks Posts: 2,793	The Inland Revenue aren't actually that bad to deal with to be honest, unless you really owe them a lot of money and they think you're deliberately hiding it. Customs and Excise are a different matter. __________________ Interserver unmanaged AMD Ryzen servers from $73.00

02-15-2012, 11:08 AM	#4
2012 So Fucking What Industry Role: Join Date: Jul 2006 Posts: 17,189	if buying coffee with cash is considered "terrorist activity" then you ... are really fucked

02-15-2012, 11:09 AM	#5
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	You will also need to avoid traveling to uk.

02-15-2012, 11:35 AM	#7
v4 media Confirmed User Industry Role: Join Date: Feb 2005 Location: Spain Posts: 2,934	If it's registered as dormant you don't need to file tax returns, did an accountant set it up?

02-15-2012, 11:42 AM	#10
iSpyCams Amateur Gynecologist Industry Role: Join Date: May 2009 Location: Medellin Posts: 4,436	I never did anything with it after I set it up. I was trying to get EU processing at the time to avoid Visa fees but that ended up being a bad idea and I just bit the bullet and did it all with my US company.

02-15-2012, 11:58 AM	#12
sojproductions Confirmed User Join Date: Aug 2006 Posts: 2,160	you should have registered it dormant, you will also need to pay companies house the yearly registration fee of £15 or what ever it is for each year, tax returns can just say nil. Just call them and they will sort it with you - i've had numerous companies and they've always been really easy to work with. __________________ ICQ: 404-159-022 Blue Pixels Profits - Uk Solo Tranny sites & Crossdressing! Filthy Profits - Uk MILF Solo Sites

02-15-2012, 12:06 PM	#13
NALEM Confirmed User Industry Role: Join Date: Nov 2010 Location: Where ever Delta flies Posts: 3,136	Should of, would of, could of ... get a accountant to file the paperwork. Negotiate a reasonable fee for the services, and keep a clear record with Inland Revenue. You never know when you will want to form another LTD in the UK. __________________ "The time men spend in trying to impress others they could spend in doing the things by which others would be impressed."