Yearly audit, tax for UK or others jurisdictions vs EMI

Hi darkside planet,

Setup dark registration company + EMIs

How to deal when the time to audit, tax, renew business license.

Emi's will ask updated s**t docs or some report related to company?

Want to make sure can keep EMI run like charm ki#¤%

Dont care ?
Just pay for annual renew ?
Should pay for tax or some ?
Broke & remake an new dark setup ?

Tks :p

Any one here in mentor group can provide some tips?

MrCloud said:

Hey ;)

In my experience (UK):
- "Emi's will ask updated s**t docs or some report related to company?"
When the person's documents expire (passport expire date), they (EMI) will definitely ask for new documents. Company Update: you have to report that, but I can well imagine that every year the company will be checked to see if it is still active.
- pay the annual renew and submit Confirmation Statement (yearly), then the company will be extended and EMIs can see online that the status is "active" - Companies House service
- submit a 0 GBP turnover balance sheet (online, there is an online administration portal)
- "Broke & remake an new dark setup ?" - Only necessary when the company is properly closed down. But until then it's always a long way off. First you will be asked several times to submit your balance sheet. Then 100, 300 GBP fines will be imposed. Then they try to collect the money through a collection agency, ...this usually takes at least 2-3 years.
- If you have a VAT ID, EMIs trust you even more.

Tks for reply.

As anyone have different setup it will be nice if can got differents feedbacks (Incorporation country, EMIs...)