How to close limited company and business bank account and informing HMRC?
I want to close my business, its a limited company, no employees except myself as a director, no debts. we are VAT registered but havnt trade for the last 3 months. I know I need to fill out a form downloaded from Companies House. but what do I do with my business bank account? I still have a few hundreds in my business account, can I take them out? also How to I advise HMRC about my business closing?
Thanks!
May 26th, 2010 at 9:12 am
When I sold my business I was advised to keep the business bank account open for a few months. You need to advise the VAT people so they can send you a final return. You write to HMRC with details of your business telling them that you have ceased trading.
You need to keep your accounts and paperwork for 7 years as you can be invesigated at any time.