Postby wamstax » Tue Jan 28, 2020 5:37 pm
I do not follow how a company can be "Dormant" if it has material amounts of monies passing through it as clearly somebody acting in the capacity of the UK company must be carrying out activities with the transfer of monies. It would potentially be the case that the company could be non-UK tax resident but in that case it would probably have to be resident and making tax returns (and frankly taking a turn on the monies for its services) where the controlling officer/director (in the sense of who holds the company purse strings and makes top of the tree decisions).
You need to clear this up with HMRC as clearly the latter may become aware of substantial funds moving in and out of the UK - which in the absence of evidence to the contrary might be viewed as turnover (and even possibly profits).
regards and hope this helps
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