Members’ Voluntary Liquidation Cost

Members’ Voluntary Liquidation MVL Costs

  • Choose to do a bit more yourself and pay less or ask us to do a bit more and pay a little more.
  • Either remove your company funds before liquidation or ask us to do it once we are liquidators.
  • Tax advice may be part of your decision making. We recommend tax advice is taken.
  • You will get our full advice and support service whichever option you select.

Please take a look through to see which option. suits you best.

Want to learn more about an MVL liquidation, please take look at our FAQs and MVL process.

 

Members’ Voluntary Liquidations MVL – Distribution Before Liquidation – From £995 plus 3rd party costs and VAT

Want to be clear on who does what in a Distribution Before Liquidation Members’ Voluntary Liquidation; open our MVL Process PDF here: Members Voluntary Liquidation Process For Payment of Funds Before Liquidation – Liquidation.co.uk

Amount of Total Cash AssetsMVL Cost + VAT (including 3rd party costs)
Up to £50,000£1,462 +VAT
Up to £100,000£1,539 +VAT
Up to £250,000£1,732 +VAT

 

Members’ Voluntary Liquidations MVL – Distribution by Liquidators

Want to be clear on who does what in a Distribution By Liquidators Members’ Voluntary Liquidation; open our MVL Process PDF here: Members Voluntary Liquidation Process For Payment of Funds by the Liquidators – Liquidation.co.uk

Amount of Total Cash AssetsMVL Cost + VAT (including 3rd party costs)
Up to £50,000£2,000 +VAT
Up to £100,000£2,250 +VAT
Up to £250,000£2,500 +VAT
Up to £500,000£2,850 +VAT
Up to £1,000,000£3,500 +VAT
Over £1,000,000£4,000 +VAT

 

Accounting and HMRC Requirements

  • An up-to-date balance sheet prepared.
  • All year end accounts completed.
  • Accounts from last accounts year end date, to the date of liquidation are completed.
  • All corporation tax returns completed & submitted.
  • All PAYE/NIC completed & submitted.
  • All VAT returns completed & submitted.

 

Members’ Voluntary Liquidation “MVL” Criteria For Distribution Pre-Liquidation

  • Company funds are removed prior the liquidation and the company bank account closed.
  • Our fee plus VAT and disbursements is paid prior to liquidation.
  • Deregistered for VAT and PAYE.
  • No assets remaining after cash removed.

 

Members’ Voluntary Liquidation “MVL” Optional Extras (Distribution Pre-Liquidation)

  • Handling a payment into the company (including tax refund).
  • Paying a creditor of the company.
  • Arranging completion of any matters that are preventing obtaining. clearance from HMRC.
  • Paying a distribution to shareholders.
  • Any deregistration of the company for tax.
  • First event £250 plus VAT, subsequent events £150 plus VAT.