One of my clients emigrated to Australia last year and dissolved his company under Section 1003 of the Companies Act.
esc c16
Hi, am I right in thinking that the DS01 form is all that would be necessary to strike off a very small company with no bank account.
I have a client with a 30 April year end who is looking to wind up the company.
Directors of small businesses who want to wind-up their company and distribute surplus funds to shareholders have just over two weeks to take advantage of a tax break.
Thousands of company owners will lose the facility to extract the profits from struck-off companies without having to pay income tax on distributions after a House of Commons delegated legislation
Tax lecturer Paul Soper has launched a campaign against revising extra statutory concession C16 in a way that will discriminate against small business.
Rather than being repealed, as some accountants were expecting, the extra statutory concession (ESC C16) that allows companies to distribute capital in a struck off business without the recipients
My question is simple - will you help defeat this pernicious proposal the second time round? You will remember that previously HMRC suggested that in legislating ESC C16, which allows distributabl
The mechanics of extracting capital and winding up a business were thrown into confusion during the past month after the Treasury Solicitor initially put aside the long standing concession under wh
Pages
- Striking off a company: Get the details right 17,620 19
- End of the line for ESC C16? 15,565 12
- ESC C16: Capital distributions limited to £25,000 10,154 29
- ESC C16 – is the writing on the wall 10,026 9
- MPs wave through ESC C16 revision 9,417 35

