How to notify the HMRC that the company has ceased trading?

Posted on June 17, 2020, by Sam Thomas

Once you have processed the employees’ final pay, entered leave dates and submitted the FPS you will also need to send an EPS to declare that the company is ceasing trading.

First, set the ‘Ceased Trading Date‘. Select the company name, ‘Advanced‘ and record the ceased trading date here. Then go to ‘Reports‘| ‘RTI‘ and ‘Employer Payment Summary (EPS)‘.

Open ‘Submit‘ and select the option ‘Final Submission as Scheme is Ceasing on…‘,. This date cannot be at any point in the future and has to be today or a previous date.

This can now be submitted to the revenue to declare that the company has now ceased.

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