I have read all the previous posts to try and get a decent understanding of my options. I have been contracting on a daily rate for the last 6 months through my own limited company (I was told this was better than an umbrella company). I have basically been taking what I though was dividends (although my latest company health check from accountants says DLA - I have asked them to sort this out) My contract has finished and it looks like I will be unable to find any more work... I have a CT bill of approx £3k outstanding and about £1000 VAT (although I have £1k in bank account ready to pay this) I am unable to pay the CT bill - its my fault for not asking enough questions from the accountant but it just seemed all contractors were taking money once a month. Do i have to wait 3 months before sending the letter to HMRC to close the company?