A reminder about MVL’s

A reminder about MVL’s

A members’ voluntary liquidation (MVL) is the most tax efficient way of closing a company and the shareholders realising the assets when the company has ceased to trade. For example, the directors/shareholders have decided to retire and it is not possible to sell the...
A reminder about MVL’s


By Tim Corfield “My company has just received a £50,000 Bounce Back Loan. My 5 staff are furloughed. There aren’t any assets or liabilities (other than £25,000 due as directors dividend/directors’ loan account). I’m not sure when or whether I’m going to start trading...


By Tim Corfield   I was recently invited into a board meeting by the company accountant, Alan, to take instructions for a Pre-Pack Administration. Alan had clearly had detailed discussions with the board about how this would work and I was there to help them...

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