What is an MVL?

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An MVL is the formal process to close a solvent company. MVL’s can be a tax efficient process for shareholders to withdraw funds from a company upon its cessation, whether it be due to group re-structuring, end of company’s life, or maybe a shareholder’s dispute. The company must be solvent with more than £25,000 in assets and therefore able to pay its debts in full, together with any interest, within 12 months.

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