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Why does HMRC object to the Striking Off of a Company?

You have received a letter from the Companies Register declaring that HMRC  opposing the dismissal of a company that you remain as director of the company.

So what next?

Objection to a Striking off Application. What is one?

When an objection to a strike-off is made, often a company failed to finalise matters with HMRC and owes outstanding tax. Therefore, HMRC stops the company from being struck off the register until tax paid and HMRC clearance. However, creditors may object and request the striking of action suspended if debts remain unpaid. Therefore, you receive a letter advising the compulsory strike-off suspended.

Why does HMRC object to the Striking Off of a Company?, Why does HMRC object to the Striking Off of a Company?, HBG Advisory

Requirements for Striking off a Dormant Company

Care needs to be taken about the company’s actions to fund repaying unpaid taxes, as it may stop it from being struck off. An example, if the company were deemed to be trading again, the application would be withdrawn. A requirement for a company to be struck off the register. The company remained dormant and not traded for a period before removal.

Voluntary Strike off for Limited Companies

Suppose you’ve voluntarily applied to have your company struck off the register using the form DS01. In that case, it’s a requirement that you send a copy of the application to all company creditors within seven days of filing the application. 

Should the limited have outstanding tax? Then Companies House publishes every application to dissolve in The Gazette, when HMRC picks it up and checks for HMRC clearance.

The process aims to alert creditors to any requests from debtor companies that wish to be dissolved/dismissed. Enabling creditors to ensure they pay any outstanding debt before dissolved.

Involuntary Strike off by Companies House?

Companies house action usually when the company has likely been dormant for a considerable time. Though not actioned by the directors, it can be stopped even though the company’s house automatically tried to remove it from the register. 

For assistance, please contact the team at HBG Advisory.

Why does HMRC object to the Striking Off of a Company? – How to deal with an objection?

Usually, you need to pay any outstanding taxes, so HMRC removes their objection.

Suppose the company cannot meet its outstanding tax liabilities (for example, it can’t pay its corporation tax bill). In that case, insolvent, and liquidation rather than striking-off will be the appropriate way to close the company. If the case, the application for the company to be struck off should be withdrawn. So you should seek company liquidation advice about the most appropriate way to therefore terminate the company.

Need HMRC arrears advice?

Considered by many directors a sensitive subject. But it does not go away and requires attention, so to avoid further escalation. Please contact one of the team at HBG Advisory today on 0800 612 5448.

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Why does HMRC object to the Striking Off of a Company?, Why does HMRC object to the Striking Off of a Company?, HBG Advisory
Why does HMRC object to the Striking Off of a Company?, Why does HMRC object to the Striking Off of a Company?, HBG Advisory
Why does HMRC object to the Striking Off of a Company?, Why does HMRC object to the Striking Off of a Company?, HBG Advisory
Why does HMRC object to the Striking Off of a Company?, Why does HMRC object to the Striking Off of a Company?, HBG Advisory
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