This is an option where the company is solvent i. One common example is a family business where the directors wish to retire, or where a business owner wishes to free up assets from an existing company to fund a new venture. Need help with dissolving your company? Find out more about how we can help by clicking on the button below. Log in My Formation. When it comes to liquidation, there are three main types: Compulsory liquidation : where creditors force you into going into liquidation as a way of recovering the debt owed.
Thank you for your response. However, with respect there is no statutory requirement for a company, which has commenced the dissolution process, to submit final accounts nor a final tax return. HMRC may request them although they have rarely done so in my experience but that is all, a company may ignore the request usually because it doesn't have the funds to pay an accountant to carry out what is, in essence, a pointless task.
Also with respect if Companies House is putting out advice they should really make sure that advice is sound. I respectfully suggest you amend the article.
Not for the first time I have had to correct Companies House, which isn't great and I'm not getting paid for this! Christine - All companies applying to be dissolved have to be Gazetted regardless as to the level of debt or if there are any creditors? It's a legal requirement. This function is carried out by Companies House. All liquidations also have to be Gazetted- this function is carried out by the Insolvency Practitioner. Comment by David Boyle posted on on 12 August This notice is sent to every company believed to be active, and defines the required content of a Company Tax Return.
In particular, the notice requires the return to include a copy of the company accounts for the period covered by the return and computations showing how the specified information entries on the Company Tax Return form CT have been calculated from the relevant figures in the accounts. I would think that if you can file a return online then you should do so. If the company is dormant there may be no option to file but if you are able to do so it make sense.
HMRC will use whatever information they have to see if they want to object to the strike off. This is purely speculation but I think if your accounts are incomplete then the strike off is more likely to be objected to and to be investigated. The fact that online returns can be filed generally indicates to me that a notice to file was sent covering the return period.
Comment by Ian Davey posted on on 16 August Yes, thank you David for your comments. Unless you are eligible for a Discretionary Grant , the only way a struck off or dissolved company can release any assets held as "bona vacantia" is by way of an application to the Treasury solicitor and the Registrar of Companies within sections - Companies Act , formerly , and of the Companies Act , for a company restoration PDF file - 1MB , either through court or by means of administrative restoration.
In other words, you need to reinstate a struck off or dissolved company by way of a company restoration. PDF file - 1MB. In other words, you need to reinstate a struck off or dissolved company by way of a company restoration which we will be happy to help you with by contacting us on 45 Where accountants buy from Freephone 45 05 Landline What is a Limited Company? Find your Local Office.
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