Just wanted to run something by you.
Is there any issue in declaring dividends (of course, assuming there are sufficient distributable reserves) just before starting a dissolution, in order to get the reserves down to below £25k? Obviously then the dividend is taxed as income and the £25k would be taxed as capital. I had in my head that HMRC may not allow a dividend that is 'out of the ordinary pattern' of dividends in the company, but I can't find anything about this.
I realise that an MVL is possible where reserves are above £25k, but in the case of a lower rate taxpayer and/or where the reserves are only a small amount more than the £25k, in order to avoid the MVL fees, I believe it would be better to go the dissolution route.