Closing myCo

[pleomax]

Hi,
First sorry i have not been here a while I have moved over to the darkside sometime ago, company is sitting there with no tranactions for ages apart from nominal business insurance.

If i want to close this i just empty the bank account and fill in a form DSC01?

Pleomax

[Clare@InTouch]

And prepare final closing accounts to file with HMRC, ensuring you're withdrawing any money as tax efficiently as possible.

This is assuming the PAYE scheme and VAT registration have already been cancelled, and all taxes paid.

[SackmanandCo]

Its recommended you prepare final accounts, then apply for clearance from HMRC And then apply for close down to C House.

[Stag Cozier]

Its recommended you prepare final accounts, then apply for clearance from HMRC And then apply for close down to C House.

What clearance would I need from HMRC in order to close my company???

[SackmanandCo]

just write them a letter asking for clearance- no special forms required.

[pleomax]

Why do you have to ask them for clearance? the bank account is empty and nothing is owing? (In My Case) YMMV

[SackmanandCo]

firstly it will mean they remove you from their records, otherwise they may still send you correspondence and secondly its recommended best practice

[Stag Cozier]

firstly it will mean they remove you from their records, otherwise they may still send you correspondence and secondly its recommended best practice

Are you referring to clearance as in applying for ESC C16? I imagine you referring to a letter to HMRC along the lines of "Dear HM, can I close my company down please?"

[SackmanandCo]

yes

[Wanderer]

What clearance would I need from HMRC in order to close my company???

If you don't then their standard response may be to object to the striking off because they don't know if there is any tax outstanding. If you contact them first then things may go a bit more quickly.

Your accountant will be able to advise you...