Before you leave the UK for good, you are required to close down your
company.  Remember, you are recognized by the UK as a legally running
company, and as such are required to bide by Company Legislation.

Completing final accounts for closure of a company can be daunting if you are
unfamiliar with the process.  Professional advice is recommended - standard rates
are generally around £400.00 if you are a first time customer to the company.  
(Some companies offer a discounted fee if they have previously filed quarterly returns
for you. Ask them about their fee structure.)

£400.00 may sound a lot, but as taxation specialists they will be best able to plan your tax
payments to ensure you pay the correct tax.  Paying too little and you may find the IRD knocking
on your door in a few years (it is interesting to note that IRD now have offices stationed in New
Zealand, Australia and South Africa to specifically target people that owe back taxes in the UK).

You will still have to pay back taxes, plus interest, have to cough up for penalty charges and possibly
face criminal charges as well.  On the other hand, equally, you don't want to end up paying too much
tax by mistake either, which is easy to do in ignorance of what you could deduct from your taxable
income in expenses - our advice?  Best to leave it to the experts.

Are you able to claim some tax back?  Why not find out about claiming back you tax from one of
our experts?  Email them direct or post your questions on our message boards.  Either way it's FREE!

Emailing direct:

Relating to Limited Companies

Relating to PAYE