Hello All.
Seeking some feedback on my MVL plans - as accountant has not been very helpful
My ltd company ceased trading end of March this year and I have determined MVL as my most preferred route - don't see myself getting an outside-IR35 contract in near future. At present, my pre-closure process is underway but a few questions I had were (some of which are quite rookie)
1. Once my company and VAT account is de-registered, do I immediately need to start the liquidation process ?
2. Once final CT/VAT/PAYE returns are submitted, what is the status of the assets of the company ie cash in the business bank account ?
3. Any indication of real world time frames for final disbursements to happen
(I have been told final disbursement can take upto 6 months from start of the process)
Any tax efficiency tips would me much helpful.
Note : I have read (and re-read) recent threads on MVL which have been helpful.
Cheers.
Seeking some feedback on my MVL plans - as accountant has not been very helpful
My ltd company ceased trading end of March this year and I have determined MVL as my most preferred route - don't see myself getting an outside-IR35 contract in near future. At present, my pre-closure process is underway but a few questions I had were (some of which are quite rookie)
1. Once my company and VAT account is de-registered, do I immediately need to start the liquidation process ?
2. Once final CT/VAT/PAYE returns are submitted, what is the status of the assets of the company ie cash in the business bank account ?
3. Any indication of real world time frames for final disbursements to happen
(I have been told final disbursement can take upto 6 months from start of the process)
Any tax efficiency tips would me much helpful.
Note : I have read (and re-read) recent threads on MVL which have been helpful.
Cheers.
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