Quick questions about Spongebob Plan

[trax7960]

Hi all,

A couple of weeks ago I had my first Spongebob success - a company was successfully struck off, no objections from creditors.

My question is, the company bank account is still active and it still has a Direct Debit set up to pay off the VAT arrears (not much, £150/month to clear less than £1500) so what happens now? Will HMRC realise that the company is stuck off and cancel the Direct Debit? What about my HMRC online account, will it be closed?

I don't want to get into the position of having to tell them 'sorry, you missed your chance' but not sure on what to do now...

Thanks so much

T

 

[Mr D]

Hi all,

A couple of weeks ago I had my first Spongebob success - a company was successfully struck off, no objections from creditors.

My question is, the company bank account is still active and it still has a Direct Debit set up to pay off the VAT arrears (not much, £150/month to clear less than £1500) so what happens now? Will HMRC realise that the company is stuck off and cancel the Direct Debit? What about my HMRC online account, will it be closed?

I don't want to get into the position of having to tell them 'sorry, you missed your chance' but not sure on what to do now...

Thanks so much

T

Cancel the direct debit.
then wait. The bank will freeze the account soon enough and send any remaining money to the appropriate place now it belongs to someone else.

 

[StevensOnln1]

HMRC won't cancel the direct debit, but the bank will freeze the account once they realise that the company has been dissolved.

 

[trax7960]

Cancel the direct debit.
then wait. The bank will freeze the account soon enough and send any remaining money to the appropriate place now it belongs to someone else.

£0.00 to be precise

Do I need to write to HMRC or anything to let them know about the dissolution, or do they pick it up automatically?

Ta,

T

 

[Gavin Bates]

Hi

HMRC should have noticed that the Company was being struck off, because they often object, so this looks like they have missed this one. I would write to them to confirm the Company no longer exists.

Regards

Gavin