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What is a Members Voluntary Liquidation (MVL)?

What is a Members Voluntary Liquidation (MVL)?

Are you thinking about closing your limited company?
As long as you have over £25,000 of net assets to distribute between shareholders a Members’ Voluntary Liquidation (“MVL”) will probably be the most tax-efficient way to close your business.
In this article, we uncover the financial benefits of MVL and in which circumstances it might be the more tax-efficient option for you.

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What is the 24 Month Rule?

What is the 24 Month Rule?

There are numerous rules and limitations when contracting. However, one of the more important rules all contractors need to be aware of is the “24 Month Rule” when claiming expenses. What is the 24 month rule? As a contractor, you are only permitted to claim travel...

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