Howlader & Co Blog

Member’s Voluntary Liquidation

Tax on striking off a company

20th June 2014

There are two normal ways to extract funds from a company – dividends, payable from profits, and salary, paid through a PAYE scheme. However, for limited companies with significant cash balances available, there is another tax-efficient option, allowing the shareholders to have funds returned to them potentially tax-free. The catch? It’s only available on the striking-off of the company. Extra-Statutory Concession C16, more