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A Members’ Voluntary Liquidation (MVL) is a formal process that winds-up a company, meaning its operations will end and it will cease to trade. Unlike other forms of liquidation, an MVL is completely voluntary and available only to those companies that are solvent and sustainable. There are many reasons a company may choose to close…

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What is an MVL? If you’re looking to close down your solvent company then one way to do it is through a process called a Members’ Voluntary Liquidation (MVL).  An MVL is an HMRC-approved way of liquidating a company which does not have any debts and is no longer needed. It is generally used when…

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HMRC has announced that a new more ‘enhanced’ version of the official ‘check employment status for tax’ (CEST) tool will be released before the end of 2019. The tool will help employers to categorise their contractors for tax purposes when the new private sector IR35 reforms come into effect next year. The announcement that came…

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Yes, you can use the Members’ Voluntary Liquidation (MVL) process if your solvent company has more than two shareholders. And with Clarke Bell, you will still be eligible for our ‘£995 MVL service’ (unless there is a very large number of shareholders in your company). Each year about 10,000 companies go through the MVL process…

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What is an MVL? An MVL stands for a Members’ Voluntary Liquidation and can be one of the most tax-efficient ways to close down a solvent company. An insolvency practitioner must be used if you want to close your company via an MVL and the assets of the company are usually distributed after 35 days…

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