In 2014 I took out a very large dividend based on all my company earnings and invested it into an Asia investment fund which turned out to be a very poor investment decision, the fund now has practically no value any more.
I later realised that i made the investments in my name instead of my companies’ name.
A while ago i realised that i severely underestimated my corporation tax as 9k, the actual figure for corporation tax is 50k.
I trying to pay back what i can, however my contract is only 6 weeks and have sleepless nights wondering how i got myself in this situation
2 years ago i invested 20k from my company into a SIPP, is there anyway that i can retrieve the money from the SIPP and use it for corporation tax. I have contacted the pension company, HMRC but nobody seems to know how to do this
Is there anyone, that can help me out
Kind Regards
Knight
I later realised that i made the investments in my name instead of my companies’ name.
A while ago i realised that i severely underestimated my corporation tax as 9k, the actual figure for corporation tax is 50k.
I trying to pay back what i can, however my contract is only 6 weeks and have sleepless nights wondering how i got myself in this situation
2 years ago i invested 20k from my company into a SIPP, is there anyway that i can retrieve the money from the SIPP and use it for corporation tax. I have contacted the pension company, HMRC but nobody seems to know how to do this
Is there anyone, that can help me out
Kind Regards
Knight
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