Great also with the HMRC refund am I right in saying that I am not permitted to take the refund out as money to myself? It must remain in the bank account until the company is struck off?
After the company is struck off what happens to the physical money?
SO what do I do with it - send it to them?
Also should I close my bank account before striking off application via DS01
But the bank will have it.
It is physical money
Alex - what does that mean
How do they get it ?
automatically whne account is closed?
and company struck off
To recap, I wait final vat refund, close bank account and then send in form DS01? Is there any way I am able to send in Form DS01 before refund paid and then close account when refund made?
Sadly no - once the bank knows it is going to be struck off they will hold the funds
Does that clarify?
You should get the refund then apply to strike off
If you strike off and the refund is delayed, the Crown gets it.
Well you can take the money out of the Company but it belongs to the Company
It can be distributed to shareholders and then closed
That may be how you want to do it
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Hi Alex - apologies about not concluding - just one more question - I desparately could do with the HMRC amount of £650 that was deposited into the account this month - is it illegal for me to take this out if the company has ceased trading and before it is struck off? Am I able to take it out then deposit it in again within the next two months?
Hi Alex still awaiting response. Thank you.