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What Happens if a Dormant Company Uses Its Bank Account?

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If a dormant company uses its bank account for transactions beyond permitted activities, it may lose its dormant status with Companies House and HMRC. A company is considered dormant if it has had no significant accounting transactions during the financial year, aside from paying statutory fees like the confirmation statement and annual accounts filing fee. However, if a dormant compa... https://xactaccountants.co.uk/dormant-accounts/

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