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Employed PAYE worker, Director in non-trading company - do I fil out form 11/12

  • 26-10-2011 7:53pm
    #1
    BazD
    Closed Accounts Posts: 4 ✭


    I'm still a director of a dormant company that never traded, never received any income from this venture. I'm working full time in a PAYE job now but the revenue seem to require me to complete a return. Does anyone have any advice as to whether I can avoid this?
    Tagged:


Comments

  • #2
    srsly78
    Registered Users, Registered Users 2 Posts: 7,157 ✭✭✭srsly78


    Do you own 15%+ of shares in company? If so you are classed as a proprietary directory and must file a form 11 return. If not then you can get away with it if there was no income. Talk to an accountant.


  • #3
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    If it a dormant company that has not traded for three years then you are not classed as being caught by the self assessment rules re being a company director even if your shareholding is more then 15%. If this is the case then call revenue and explain the situation and they should take you of the list of self assessed directors.

    Kind Regards


    dbran


  • #4
    BazD
    Closed Accounts Posts: 4 ✭BazD


    Thanks Guys, really useful


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