Closing
down a business requires careful consideration for:
-
The
existing workforce
- e.g. potential redundancy payments
-
Inland
Revenue - tax obligations
-
Customers
-
Accountants
-
Creditors
-
Companies
House - where appropriate.
There
are several sources of advice and assistance available if you have to take the
difficult step of closing your business.
Business
Link Yorkshire offers information and independent advice. The advisers
at Business Link will be able to source business support from the public, private
and voluntary sectors.
HM
Revenue and Customs ensure that the correct tax is paid at the right
time. The department collects and administers:
-
Direct
taxes - paid by you or your business on money you earn or capital
you gain
-
Indirect
taxes - paid by you or your business on money spent on goods or services.
Companies
House is an Executive Agency of the Department for Business, Enterprise
and Regulatory Reform (BERR). The agency's main functions are to:
-
Incorporate
and dissolve limited companies
-
Examine
and store company information delivered under the Companies Act and related
legislation
-
Make
this information available to the public.
The
Insolvency Service is a net controlled Executive Agency of the
Department
for Business, Enterprise and Regulatory Reform (BERR). The Redundancy Payments
Service forms part of the Insolvency Service and deals with the redundancy and
associated payments in England, Scotland and Wales.