Are Companies House and HMRC Fines still due when I Strike Off, Close or Dissolve my Company?

Neither HMRC nor Companies House will definitively state that they waive their late filing penalties when you strike off a company. However, it is common knowledge that if you have Companies House filing penalties and you choose to dissolve or strike off your company, they will allow the Strike Off and the penalties will be forgotten.

From HMRC's perspective, they will commonly block a strike off application if the company has outstanding returns to be filed, yet they will usually allow the strike off when there are minor unpaid late filing penalties and no tax due. We will not provide you with blanket confirmation that these fines will not be pursued, but it is common that they will die with the company after 6 years.

If you subsequently choose to restore the company, it is very likely these penalties will reappear.

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We are qualified accountants providing personal and professional services for start-ups, established companies and individuals in and around the Haslemere area in Surrey. With the rise in technology, we have embraced the digitisation of accounting using efficient digital accounting tools to offer reliable services to our customers. Our goal remains to get our clients the best accounting and taxation services at the most affordable rates.

Onsite Canteen and Lunch Vouchers - Are They Taxable?

The provision of food and drink to an employee by their employer is a lovely thing to do. Eventually, it promotes teamwork, loyalty, a sense of belonging and even improves productivity. Taking it at face value makes it look like a simple act of kindness. However, unless it is done correctly, it can cause tax and national insurance compliance issues for the employer.

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Information provided on the site is merely guidance that may change in line with UK law and regulations. Users must not consider this to be financial advice or their sole resource when making any financial decision. Spondoo is a trading name for Accounting SQL Limited, authorised & license accounting firm under the Institute of Financial Accountants.

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