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Est. 1989

Do You Still Have To Complete Your Accounts If Going Into a MVL? Our Prices Start from £2500 + VAT

Licensed UK Insolvency Practitioners FREE Meeting for Company Directors

We can help with serious company debts, HMRC and creditor pressure, VAT/PAYE/Tax arrears, cash flow problems and raising finance.

Do You Still Have To Complete Your Accounts If Going Into a MVL?

As a result of poor trade and poor cash flow we are having to liquidate our company. Do we need to put our "books" into our Accountant if we are thinking of putting our company into members voluntary liquidation , they are due by need of August but i do not know if we need to?


Answer

If you are entering a members voluntary liquidation (MVL) then the company’s accounts will need to be drawn up to the date the company ceases to trade as all liabilities have to be paid and without the final (cessation) accounts it will not be possible to calculate the final tax due. Your accountant and/or insolvency practitioner will be able to explain precisely what you need to do. Alternatively if you have not yet engaged an insolvency practitioner please give us a call on 0800 644 6080 and we will be happy to assist you.


Keith Tully

Partner

0800 644 6080
Who we help
  • Company Directors
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