Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Closing & filing ct1

  • 09-01-2019 11:11pm
    #1
    paulapow
    Registered Users, Registered Users 2 Posts: 1 ✭


    So need some advice, I haven't traded in a year or two, have cleared taxes owed cleared the bank account and shut it down..I owe nothing and am owed nothing.. the CT is going to be zero... But looks like I have to file two CT1's before I can cease trading...

    I read that I can click on the Option 4)The company is inactive and there is no income or expenses on the Profit and Loss account and there is a balance sheet movement of less than €500.

    Am I right in saying that's it?, is it just filing zeros, and I am done? do I need an accountant to do this or can I do it myself.. (my accountant was quoting 950 for one ct1 form!)
    what if I get the form wrong and make a mistake on a field... (but as I am closing anyway would that be a big deal??)


Comments

  • #2
    wiggle16
    Moderators, Society & Culture Moderators Posts: 3,022 Mod ✭✭✭✭wiggle16


    paulapow wrote: »
    The company is inactive and there is no income or expenses on the Profit and Loss account and there is a balance sheet movement of less than €500.

    If this is the truth, then yes. When you complete a return, whether it is a CT1 or Form 11 or whathaveyou, you only fill out the parts where you have an entry to make. Everything else stays blank. If there is no figure to enter in the fields on your CT1, leave them blank. If this leaves you with a blank return, that's fine.

    I would say generally not to worry too much about making mistakes - a mistake can always be corrected and Revenue deal with so many dodgy people that they know the difference between someone who has made a mistake and someone who is trying to pull one over on them.


Advertisement