IR35 Contractor Members Voluntary Liquidation (MVL), close your company in a tax efficient way and take advantage of huge tax savings. Our low cost MVL is £1,995.

The benefits…

  • TAX EFFICIENT
    Where more than £25,000 is to be distributed to shareholders.
  • LOW COST
    Our low cost MVL is £1,995 plus VAT & expenses.
  • QUICK CASH RELEASE
    Subject to shareholders indemnity, we don’t have to wait for HMRC clearance!
  • FAST
    We will aim to distribute funds to you within 7 days of receipt of your cleared funds.

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    IR35 contractor MVL – tax-efficient Members Voluntary Liquidation

    HMRC is due to start auditing self-employed contractors who operate from personal limited companies. Consequently, contractors could end up paying more tax on their earnings. If you’re a contractor operating for a single client out of your own limited company, you can explore a tax-efficient liquidation via a Members Voluntary Liquidation (MVL). Doing so allows for a quick release of the company’s funds while you decide what to do next.

    What is IR35, and what does it mean for contractors?

    IR35 has been around since the year 2000 and came into effect for the public sector in 2017.

    The process was designed to tackle the problem of sole traders operating in a limited company structure, or ‘personal limited companies’ while working for a single client. Operating in this way means contractors might end up paying less tax than if they were employed or operating as sole traders.

    IR35 makes sure contracted workers operating through these ‘personal limited companies’ pay the appropriate levels of tax and National Insurance.

    What is a Members Voluntary Liquidation or MVL?

    A Members Voluntary Liquidation, or MVL, is a tax-efficient liquidation option. They’re designed for solvent companies that have reached the end of their operational lives. MVLs can be a more tax-efficient way of distributing the company’s assets to shareholders than through a dissolution.

    If the company has more than £25,000 of cash to release, they may qualify for Business Asset Disposal Relief (formerly known as Entrepreneurs’ Relief). Once the business’ assets are sold, and any liquidator’s and creditor fees are paid, the remaining amount is distributed to the shareholders.

    More on Members Voluntary Liquidation (MVL)
    Tax-efficient MVL

    A tax-efficient way to close your company

    If you’re a contractor operating out of a ‘personal limited company’, you may want to transition into something more tax-efficient before IR35 comes into force on April 6th, 2021. Afterwards, your current circumstances may not be the most tax-efficient.

    An MVL can help to close your ‘personal limited company’ in a fast, tax-efficient way. By undergoing an MVL, your company could avoid the imposition of income tax, which would come with a dissolution, and clearance from HMRC before the cash release. Funds can even be distributed into your account within 7 days of their release from the company.

    Cost of an MVL

    We don’t usually require an upfront payment for a Members Voluntary Liquidation, and our standard cost for the process is £1,995 + VAT and expenses. Depending on the company’s assets at the time of liquidation, the process may incur additional costs.

    More on the costs of an MVL

    In summary

    In 2021, HMRC will introduce IR35 to the private sector to make sure contractors operating out of limited companies pay the appropriate amount of tax. If you operate from a solvent ‘personal limited company’ and would like to close it before IR35 takes effect on the private sector, you can do so via a Members Voluntary Liquidation (MVL). MVLs are a tax-efficient way to close a company without receiving income tax or having to go through clearance from HMRC, and you may even qualify for Business Asset Disposal Relief if your company has more than £25,000.

    How we can help

    If your ‘personal limited company’ is solvent, and you wish to liquidate it before IR35 is implemented, contact us today. We can provide free, regulated, and impartial advice tailored to your company’s circumstances. So, whether you’re just weighing up your options, or would like to proceed with a liquidation, speak to us.

    Beverley Horton

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      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

      Patrick Finn

      star_rate star_rate star_rate star_rate star_rate

      "Stephen worked closely with me every step of the way, and as a person new to this kind of operation. I found it was very reassuring. To have his knowledge and support."

      Richie Thomas

      star_rate star_rate star_rate star_rate star_rate

      "Very prompt and efficient. Stephen Furbank is a very pleasant guy to deal with - always helpful and clear in his explanations and advice."

      Richard Green

      star_rate star_rate star_rate star_rate star_rate

      "I engaged Wilson Field (Leeds office) when I decided to liquidate my company with an MVL. The service Stephen Furbank and his team provided during the period it took to complete the MVL was first rate. There was good communication, advice and information making the process easy and straightforward for me. Many thanks to the professional team at Wilson Field."

      bijal shah

      star_rate star_rate star_rate star_rate star_rate

      "Working with Wilson Field as part of my company's MVL and especially Emma was a fantastic experience and thought the explanations, clarity and prompt responses were first class."

      BarbaraM-405

      star_rate star_rate star_rate star_rate star_rate

      "Efficient Service Received Wilson Field handled our Members' Voluntary Liquidation in an efficient and timely manner. The process was explained fully and there were no difficulties or problems along the way. Wilson Field were recommended to us and we would also recommend this company."

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      Beverley Horton Christopher Callaghan Stephen Hall

      Free Consultation

      Request a free confidential telephone consultation from 9am - 8pm, 7 days a week.