Left my Ltd sitting dormant after going inside IR35, now starting at a £7k tax bill and an overdrawn DLA
Switched to an inside-IR35 contract back in November after 3 months on the bench. Left my Ltd company open thinking I might pick up side work, but nothing came up. Now the Corporation Tax deadline is three weeks away, £7,800 is owed to HMRC, and I have a £5,400 overdrawn director's loan from covering my mortgage while out of work.
Current business bank balance is £114.
Accountant quoted £1,100 + VAT to deal with it and warned me not to just file a DS01 while owing tax. [Spent yesterday ringing around, looking at Director First to see if a formal liquidation is even worth it for amounts this small, and reading old threads here about HMRC objections.]
If I just leave the bank account empty and let HMRC eventually force the compulsory strike-off, does that trigger a personal chase on the DLA from the insolvency service? Just trying to figure out if I'm forced to pay out-of-pocket for an IP or if people actually just let Companies House wind these down.