Quick Answer: Can HMRC Investigate A Dissolved Company?

Can HMRC pursue a dissolved company?

HMRC can indeed pursue a dissolved company, particularly if they feel they have tried to evade responsibility.

These investigations may happen up to 20 years after the fact.

Personal liability for company debts..

Can a dissolved company still operate?

In legal terms, when a company is dissolved, it ceases to exist. It cannot still be trading – although a person may trade (misleadingly) using its name. … So, your real customer is some other person or entity (perhaps the former owner or owners of the company).

What happens to debts of a dissolved company?

If a creditor objects to the dissolution then it may not be allowed and the debt will have to be repaid. The company can be restored – If a company with outstanding debts is dissolved using the strike off procedure then creditors can apply to have the company restored at any point over the next 20 years.

How long does a dissolved company stay on the register?

20 yearsWhen a company is dissolved, this information remains on the public register for 20 years.

Does HMRC check your bank account?

Can HMRC check your bank account without your permission? HMRC has the power to check personal information about taxpayers they’re investigating by issuing a ‘third party notice’ to banks and other institutions.

Can personal assets of directors be seized from a Ltd company?

In the case of a limited company which is unable to meet its liabilities, as director you have the protection of limited liability. Effectively this means that directors generally cannot be held personally responsible for the debts of a limited company, unless they have signed personal guarantees.