Companies operating in Britain need to apply for annual review every year.
3. A company that does not operate in the UK can declare it as a dormant company to avoid financial expenses and tax payment by accountants.
4. The annual audit of British companies may be different from the date of the annual report of dormant companies. The annual review can be done once every 28 days, and the dormant company report is also done once a year. However, because each annual review will generate relevant government expenses, the general company will conduct an annual review once a year to ensure that the company can operate legally after its establishment.
5. The annual report time of dormant company is 12 months after the date of establishment of the company as a financial year. The annual report time can be changed every five years.
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