Forgive me for my ignorance.
My company has stopped trading 3 months ago. I want to close it down.
I have some money in the company. I still haven't done this year's corporation tax returns (due in July).
I have been reading online that when closing a company you can pay just 10% tax.
My question is do I first pay this year's corporation tax at normal rate (20%) and then pay 10% on the remainder.
Or can I get away with just paying 10% on everything?.
Thanks,
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