Yes, I'm registered for VAT. I'm going through the numbers today to see what I owe, I'll also be speaking to an accountant.
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Not paid HMRC or done any paperwork.. how screwed am I?
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Originally posted by mreades View PostYes, I'm registered for VAT. I'm going through the numbers today to see what I owe, I'll also be speaking to an accountant.
I believe if you are over 30 days late in filing or paying they are all over you with distraint orders and the like.
Depending on how late you are filing your accounts, it is likely that Companies house may be making plans to strike your company off. In which case your problems are greater than you appear to be imagining. Look up threads here on 'striking off' and 'bona vacantia'
This is an activity entirely out of the hands of HMRC and will happen despite them. I suspect that HMRC rarely object to this thereby preventing the striking off, especially for companies that have yet to file any accounts, simply because they know any monies will end up with the Treasury Solicitor and you will have the devil of a job (and significant extra costs) in resolving it and getting anything back.Last edited by tractor; 4 July 2014, 08:57.Comment
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Be a bit of a bummer if they decide to open an IR35 investigation off the back of this'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostBe a bit of a bummer if they decide to open an IR35 investigation off the back of thisComment
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People running 1-man businesses very often do exactly this kind of thing so I wouldn't count it impossible this isn't real.
Reminds me of reading about Siegfried's accounting system in the James Herriot books.
If real, just find your nearest local accountant and phone them up to arrange a visit.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostPeople running 1-man businesses very often do exactly this kind of thing so I wouldn't count it impossible this isn't real.
Reminds me of reading about Siegfried's accounting system in the James Herriot books.
If real, just find your nearest local accountant and phone them up to arrange a visit.
Ring one of the people that give good advice and are leaders in contractor specific accounting. InTouch, Nixon Williams, SJD spring to mind.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Hardly see how he needs a contractor accountant. This is a classic 1-man business screwup, he just needs to dump everything on someone and get them to figure out the paperwork he should've done.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostHardly see how he needs a contractor accountant. This is a classic 1-man business screwup, he just needs to dump everything on someone and get them to figure out the paperwork he should've done.
If he has to dump on someone why not dump it on someone that knows best?
I speak from experience btw. I had a one man local accountant and he screwed it up big style and moved to a contractor accountant and no had a problem in god knows how many years. Maybe I am being a bit anal about it but that is MHO.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by d000hg View PostHardly see how he needs a contractor accountant. This is a classic 1-man business screwup, he just needs to dump everything on someone and get them to figure out the paperwork he should've done.Comment
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