From: "Kathy Burke" 
Newsgroups: uk.finance
Subject: Re: Tax refund goes to the Crown!
Date: Thu, 15 Jan 2004 13:56:46 -0000
Message-Id: <1074175007.20573.0@damia.uk.clara.net>

Thanks, but no - the company wasn't liquidated.

1.  The rebate would be profits for the shareholders.  After tax these could
have been distributed to shareholders.

2.  My spouse and I were the sole shareholders.

K.



"Steve Maudsley"  wrote in message
news:ASSYEAA23C02@assayer.co.uk...
>
> "Kathy Burke"  wrote in message
> news:1074152008.6035.0@damia.uk.clara.net...
> > Hows this then!
> >
> > 1.  We close our limited company, complete our accounts and send them
off
> > with the cheque to the IR.
> >
> > 2.  Several months later the IR send us a cheque for interest and
overpaid
> > tax.
> >
> > 3.  We send the cheque to the bank.
> >
> > 4.  The bank closes the account because the business has closed.  They
say
> > they haven't "seen" the cheque.
> >
> > 5.  I ask the bank what happens if I get a replacement cheque from the
IR.
> > They say "We cannot pay it to you - we pay it to the Crown"!
> >
> > Howzat!
>
> Well you closed the company... if the company was liquidated then the
> liquidator should receive the money and then... probably you get it if you
> were shareholders and there were no outstanding debts. IANAL.
>
> Stephen
>
>