Corporate Simplification

All UK companies whether active or dormant required to file a tax return will be affected by HMRC's new requirement for electronic tagging. This will add a further layer of cost to retaining companies and for those that serve no economic purpose, the benefits of dissolving them may prove even more compelling.  

When the time spent by management dealing with the current level of corporate governance matters is factored in then clients tell us the "cost" of retaining dormant companies typically ranges from £3,000 to £5,000 per entity per annum and for regulated entities £6,000 to £7,000 pa.  Needless to say this figure increases significantly for active companies.

Find out more about our services and how our team of 50 full time specialists have helped many clients achieve significant savings