Corporation tax demand

[Anon678]

Hi

My company was wound down as it was not making any money but today I've received a demand for £724 corporation tax. I don't see how I owe this as the company did not make a profit in its last year and I have no means of paying this. The company was a Limited company.

What should I do?

 

[Mr D]

Is the company dissolved?

If not then it may well owe this debt - has it had any profits in recent times?
You not being able to pay it will be irrelevant, its not your debt.
It belongs to the company.

 

[Anon678]

Is the company dissolved?

If not then it may well owe this debt - has it had any profits in recent times?
You not being able to pay it will be irrelevant, its not your debt.
It belongs to the company.

Thanks for the reply

The company is in the final stages of being dissolved and the Bank accounts closed a few months ago, but is still active on companies house! Even though we started the procedure of winding down in March

 

[Mr D]

Thanks for the reply

The company is in the final stages of being dissolved and the Bank accounts closed a few months ago, but is still active on companies house! Even though we started the procedure of winding down in March

Expect HMRC to keep chasing the debt until company dissolves.
Taking a while - perhaps HMRC objected?

 

[Anon678]

Expect HMRC to keep chasing the debt until company dissolves.
Taking a while - perhaps HMRC objected?

Maybe, but I think it's my accountant that is dragging his feet. So I've nothing to worry about?

 

[Gordon L]

no.

 

[Newchodge]

Maybe, but I think it's my accountant that is dragging his feet. So I've nothing to worry about?

What is your accountant doing? How are you paying them for whatever they are doing? Have you started the dissolution process yourself?

 

[Anon678]

What is your accountant doing? How are you paying them for whatever they are doing? Have you started the dissolution process yourself?

I pay them monthly and they have started dissolution back in March

Thx

 

[SteveHa]

I pay them monthly and they have started dissolution back in March

Thx

No they haven't. Absent any objection to dissolution (e.g. from HMRC) it takes 3 months.

 

[Lisa Thomas]

What happened to the Company's assets?

It's possibly an estimated debt if you haven't submitted final returns.

Have you or your accountant followed the dissolution procedure?

https://www.gov.uk/government/publications/company-strike-off-dissolution-and-restoration

HMRC will likely keep on objecting but eventually it will slip through the net or C House will strike it off themselves for non filing of statutory returns.

 

[justintime]

Send me a PM with the Company name and I'll check on Companies House to see if the strike off has been initiated. Just to let you know that you can't begin strike off until you have stopped trading for 3 months, and then it takes approx 2 months for strike off to happen. However, if a creditor objects, and HMRC are most likely to have done so, it can take much longer.