Do I have to pay the tax man if I dissolve the complany

Do I have to pay the tax man if I dissolve the complany

Postby groundengineer on Sun Jan 15, 2012 7:49 pm

I am a Geotechnical Engineer and have been trading as a limited company for 12 years (one man band). Due to the recession I havent had any work for over a year now. I still owe a lot of corporate tax and the tax man has given me 6 weeks to pay up in full. Basically I dont have the money to pay them. Question is can the tax man still send in the bailiffs if I dissolve the company. Is there any other ways of avoiding paying this tax?
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Re: Do I have to pay the tax man if I dissolve the complany

Postby mullet on Sun Jan 15, 2012 8:23 pm

Is there any other ways of avoiding paying this tax?
A question first. Why is the company unable to pay? Was salary extracted in preference to provision for corporation tax? If so, has the company paid the PAYE/NICs arising?
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Re: Do I have to pay the tax man if I dissolve the complany

Postby King_Maker on Mon Jan 16, 2012 9:46 am

Are you saying that Corporation Tax (and possibly other taxes?) is correctly due, but you don't want to pay it?

If so, this is not the forum to ask such a question.
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Re: Do I have to pay the tax man if I dissolve the complany

Postby towat on Mon Jan 16, 2012 12:10 pm

HMRC would not allow the company to be disolved if Tax was outstanding.
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Re: Do I have to pay the tax man if I dissolve the complany

Postby section 44 on Mon Jan 16, 2012 3:26 pm

Is there a chapter on this in the Big Book of Brown Paper Bag Tax Planning?
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