Closing a Dormant Company Bank Account: Tax and Filing Risks

Podcast: The UK Tax and Accounting Podcast from I Hate Numbers: · I Hate Numbers

Opublikowano: 2026-10-25

Closing a dormant company bank account may seem straightforward once your limited company has stopped trading. However, withdrawing the remaining money or closing the account without planning can create tax, accounting and compliance problems. Bank interest may affect dormant status, outstanding bills still need paying, and the way you withdraw funds can determine the tax treatment. In this episode, we explain what HMRC and Companies House mean by dormant, why timing matters, how director's loans and dividends are treated, and what to check before closing your company's bank account. About this episode Many company directors assume that when...