Hi
Has anyone had experience with winding up a limited company and the most tax efficient method for doing this:
My last invoice/payment will come through mid October (2019) and I plan on moving back to NZ mid December, on the last payment I'll have around £90000 in my company bank account (so let say £80000(ish) retained profit) I also have been drawing £3000/Month plus £165/week director fees
I'm wondering if it's tax efficent to continue the £3000/month drawings until the next tax year in April 2020, the withdrawing the next years £3000 x 12 and then winding up via MVL in the next tax year thereby reducing profits to be taxed
Or
If it's best just to start MVL immediately after my last payment in October
Or
Something else?
Has anyone had experience with winding up a limited company and the most tax efficient method for doing this:
My last invoice/payment will come through mid October (2019) and I plan on moving back to NZ mid December, on the last payment I'll have around £90000 in my company bank account (so let say £80000(ish) retained profit) I also have been drawing £3000/Month plus £165/week director fees
I'm wondering if it's tax efficent to continue the £3000/month drawings until the next tax year in April 2020, the withdrawing the next years £3000 x 12 and then winding up via MVL in the next tax year thereby reducing profits to be taxed
Or
If it's best just to start MVL immediately after my last payment in October
Or
Something else?
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