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  3. What happens with the funds left over in my company bank account?
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  2. Cessation & Dormancy
  3. What happens with the funds left over in my company bank account?

What happens with the funds left over in my company bank account?

As part of the cessation process, we will calculate any final Corporation Tax payment and the final dividend and/or capital distribution you can take from the remaining funds.  


Once you have approved the cessation accounts, we will advise of you of your final Corporation Tax payment and – if applicable – any final dividend and /or capital distribution you may take from the company. You need to take this final dividend/distribution before the DS01 striking off form is submitted to Companies House. If you need additional tax advice on extracting larger sums of money out of your business bank account, taking advice from our tax specialists can help you save  money. 

Updated on 23rd October 2020

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