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Can Dormant Companies Receive Income in Their Bank Account?

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Dormant companies are not allowed to receive income in their bank accounts if they wish to maintain their dormant status for accounting and tax purposes. In the UK, a company is considered dormant if it has no significant financial transactions, apart from specific permitted activities such as filing fees or penalties paid to Companies House. Receiving income, whether from sales, inve... https://xactaccountants.co.uk/dormant-accounts/

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