Corporation Tax screw up. What next?

[northernladuk]

Isn't there a bigger problem here that if the OP has been paying dividends to himself using tax money they are illegal? What he owes is just going to spiral once he works it properly?

[SueEllen]

Isn't there a bigger problem here that if the OP has been paying dividends to himself using tax money they are illegal? What he owes is just going to spiral once he works it properly?

Yep.

But I think we have scared the OP enough...

[MrMarkyMark]

Isn't there a bigger problem here that if the OP has been paying dividends to himself using tax money they are illegal? What he owes is just going to spiral once he works it properly?

Technically true. Unsure whether this will just be ignored if he pays the money back though.

[SueEllen]

+1

The concept should be taught properly in schools. Debt seems to be okay. It should be the "never never".

That's what parents and adults in your family are for.

In addition teenagers nowadays are lucky they have the internet with sites like Moneysavingexpert.