Formation Company & Tax Advisory

Sunday, May 20, 2018

Closing a British Company (UK)

If the company is no longer in business and it is not meant as a Dormiant Company one must go on with the process for its closing, which is brought forward by it pre-closure. The phase of pre closure or liquidation of the company, exempts the company from some management procedures, such as keeping records and statements tax, stopping creditors. Distribution settlements are not subjected to Corporation Tax but to Capital Gains Tax , which is still in charge of Shareholder/s or Member/s. The entire proceedings, even if it is not complex, must be done with appropriate criteria and technical devices in order not to be punished later because of some incorrectness.

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