How to calculate Members Voluntary Liquidation Tax

A memberu2019s voluntary liquidation is the formal process for closing down a solvent limited company. Your limited company is solvent if it has enough money to settle all its liabilities in full within 12 months. Liabilities include:<br>u2022tUnpaid bills<br>u2022tOutstanding subcontractorsu2019 invoices<br>u2022tAny loans youu2019ve taken, for example because youu2019ve bought equipment for the business<br>u2022tTax due to HMRC<br>u2022tAny future liabilities that havenu2019t crystallized yet<br>There are various reasons why youu2019d want to close down your limited company, even though itu2019s solvent. If youu2019ve decided to close your limited company, a m

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How to calculate Members Voluntary Liquidation Tax

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