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Are you a Contractor? Looking for a fast, professional, low cost, tax efficient way of unlocking cash in your Limited Company?

An MVL (Members Voluntary Liquidation) is a statutory process available to companies, which allows shareholders to receive tax efficient distributions. Set up in response to legislative changes in March 2012, ContractorMVLs works with Contractors to assist them to extract funds affordably from a redundant Limited Co.

Why an MVL?

See our introductory video

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Tax Calculator

A ready reckoner for you to try

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Have you recently come out of contract? Are you retiring? Are you returning to a staff position?

Or have you simply decided to stop contracting and want to close your limited company and have funds remaining in your business bank account?

There are a variety of ways to close down your company. The most common way is just to take any remaining profit as a dividend. However, depending upon how much profit is left, you may be able to close it via an MVL which could potentially be more tax efficient saving you thousands of pounds.

You may however already have accelerated the cash flow from the company and taken a loan as a shareholder, which can then be distributed in specie on liquidation without the need for funds to change hands.

If contemplating a dividend in advance of closing your company — think twice and seek advice!