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HM Accountax Ltd
HM Accountax Ltd, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 701
Experience:  I am an accountancy professional with more than10 years hand on experience in audit, accountancy and tax affairs.
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I was wondering if you could give me an outline as to the

Customer Question

Hi there - I was wondering if you could give me an outline as to the options available for tax efficiency when one is closing down a small, one director, solvent limited company?
Submitted: 12 days ago.
Category: Tax
Expert:  HM Accountax Ltd replied 12 days ago.

Hi,

I am an advisor at JA and happy to assist you.

Could you please provide more details about your query.

Regards

HMAT

Expert:  HM Accountax Ltd replied 10 days ago.

Hi,

You need to draft the closure accounts and submit to HMRC.

You can withdraw the funds as dividends or capital distributions. If the retained earnings are more than £25k then you need to go through MVL route.

Regards

HMAT