Reply to: Overpaid corporation tax after the company was wound up

[Mr.Whippy]

If the company has been struck off, then it all belongs to Gordon I am afraid.

And he's long since given it to those nice boys in the banks to lord it up this xmas with champers and caviar.

HTH

[OwlHoot]

Hi Guys/Gals,

I hope you can help me. I was told that I had overpaid corporation tax by £600. When I spoke to them(the tax office) at first they said that the money would be refunded. I just spoke to them on the phone and now they are saying that since the company has wound up all assets belong to the Crown and I can't get the money back. Do you know if this is true? Is there anything that I can do?

Worried and seriously out of pocket Gal.

Nah, you're stuffed - Try a search on "bona vacantia".

[MarillionFan]

If the company has been struck off, then it all belongs to Gordon I am afraid.

No chance of getting it back. Remember, you are an employee of your LTD company and now all of its assets belong to the crown.

Sorry.

[CityGal]

Clippy, I was paying off 07 -08 taxes, I couldn't find anymore contracting work, so had to go permanent, but by then I had spent my tax money. Because of the postal strikes I didnt receive the statement in time, before I paid my monthly instalment.

Thanks Moscow mule I'll try that.

And thanks Zippy I'll post in the Accounts section.

[cailin maith]

Out of interest, how did you end up overpaying by £600?

If your accountant did the figures then surely it is his fault.

Hence, he owes you £600!

Indeed and why didn't your Accountant tell you about moies reverting to the crown?

[cojak]

Errr... you did have an accountant, didn't you?

[Clippy]

Out of interest, how did you end up overpaying by £600?

If your accountant did the figures then surely it is his fault.

Hence, he owes you £600!

[cailin maith]

Hi Guys/Gals,

I hope you can help me. I was told that I had overpaid corporation tax by £600. When I spoke to them(the tax office) at first they said that the money would be refunded. I just spoke to them on the phone and now they are saying that since the company has wound up all assets belong to the Crown and I can't get the money back. Do you know if this is true? Is there anything that I can do?
Worried and seriously out of pocket Gal.

I knew these were the rules but I've never seen HMRC go through with it.

Get your Accountant on the case!!

[DimPrawn]

Guys please!! You are killing me!! Can I have some helpful comments please?

Okay, helpful comment.

Can you ask HMR&C to make the cheque payable to your company accountant and then ask them to cash it and pay it to you / reduce your accountancy bill?

Otherwise, unless you want to re-open that ltd again, it's a lost cause.

£600 not really worth bothering with really is it?

[Zippy]

CityGal - try posting in the Accounting/Legal forum.
General is for discussion about house prices, immigration, football and all round ill-informed opinion (yes, I am guilty).
Good luck with getting your money back!

[oracleslave]

Court of Human Rights, get a lawyer!

Or threaten to contact the dailymail.

It's only fair, tax doesn't have to be taxing etc

[Moscow Mule]

Guys please!! You are killing me!! Can I have some helpful comments please?

Why don't you ask them which bit of the tax code they are using to make that judgement, then look it up to see if you can contest it.

[CityGal]

Guys please!! You are killing me!! Can I have some helpful comments please?

[DimPrawn]

Think of it as a tip to Gordon for his excellent service.

[Xenophon]

£600? Just consider it a rounding error.