MVL company liquidation before Budget next week

[Lance]

Well, I think I can start the process before March 11.

given that "starting the process" simply involves the board deciding they want to do it, I'm not sure it really helps....

[sira]

My understanding is that closing your company offers you no "protection" as HMRC can investigate closed companies, and can still take action against peoples who were a director(s) for up to 20 years.

If correct, whats the point of rushing to do an MVL? May aswell leave it dormant incase you dip your toes back in later

[northernladuk]

My understanding is that closing your company offers you no "protection" as HMRC can investigate closed companies, and can still take action against peoples who were a director(s) for up to 20 years.

If correct, whats the point of rushing to do an MVL? May aswell leave it dormant incase you dip your toes back in later

You've not been watching the news of the budget have you?

[GhostofTarbera]

My understanding is that closing your company offers you no "protection" as HMRC can investigate closed companies, and can still take action against peoples who were a director(s) for up to 20 years.

If correct, whats the point of rushing to do an MVL? May aswell leave it dormant incase you dip your toes back in later

Because the idiot is going to remove the tax break as mostly used by middle class tax dodgers in the south of England (his words)


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[Lance]

Because the idiot is going to remove the tax break as mostly used by middle class tax dodgers in the south of England (his words)

that... combined with Boris spaffing cash up every wall in the North, and the lack of any money in the treasurey coffers....