I'm retiring - My company has not been trading in last three months or so.
I know how to claim terminal tax relief on my final return and/or a separate letter so that is not a problem however...
Small Ltd Company
1/ Do I need to close the company bank account before claiming or as I claim. I'm assuming the payment from HMRC would normally be credited to that company account or else a cheque would be payable to the company?
2/ Do I need to close the company at Companies House before receiving the HMRC payment. I'm not sure how important the timing is?
3/ I may pay myself and maybe one other person a small redundancy payment - would it be acceptable to do this after the HMRC payment received?
4/ Is the HMRC payment normally received gross or else net in some way?