Consequences for ditching paperwork and formalities?

[AlexKol]

Hi guys noob here , back in 2017 I was out of work and did some services on the side as a LTD, because someone ahem ahem told me so. I never earned enoygh to justify hiring an accountant, I managed to file CH company accounts and self assessment, calculated and paid the corporation tax but now I have to do HMRC CT600 and company accounts which I to be honest cant be arsed to do. What's the worst that can happen if I don't? Company has no money left and I doubt I will be ever using it again. Can I safely disregard it? What can they do to me personally? No joke answers please ^_^

[northernladuk]

So you are asking us if you can be a pillock and get away with it?

This is the prof area of the forums so can we move to General please?

[Old Greg]

So you are asking us if you can be a pillock and get away with it?

It's a reasonable question.

[BrilloPad]

They can start adding fines. Which could be more than accountant cost.

I expect you will be too lazy to read the "HMRC scheme enquiries" forum. It is littered with people who took on or taking on HMRC. Its a very long, costly and painful process. You don't want to go there.

Why did you do CH company accounts rather than UK company accounts? Did you work for a CH company via a UK Limited?

[BrilloPad]

It's a reasonable question.

You really have a low opinion of CUK posters.

[NotAllThere]

They can start adding fines. Which could be more than accountant cost.

I expect you will be too lazy to read the "HMRC scheme enquiries" forum. It is littered with people who took on or taking on HMRC. Its a very long, costly and painful process. You don't want to go there.

Why did you do CH company accounts rather than UK company accounts? Did you work for a CH company via a UK Limited?

CH=Companies House in this case. Probably.

Getting an acct tomorrow. Thank you!

So you lied to us!

[AlexKol]

CH=Companies House in this case. Probably.

So you lied to us!

Oh get off me! His highness certified and chartered accountant wanted 20% of my takings and I figured out that I may be better off paying fines instead

But seriously can I learn how to do accounts in a few days somewhere? Have you guys heard of such heroes?
I managed to do companies house micro entity accounts after all

[Old Greg]

They can start adding fines. Which could be more than accountant cost.

I expect you will be too lazy to read the "HMRC scheme enquiries" forum. It is littered with people who took on or taking on HMRC. Its a very long, costly and painful process. You don't want to go there.

Why did you do CH company accounts rather than UK company accounts? Did you work for a CH company via a UK Limited?

Fines to the LTD which has no money, or to the OP personally?

[meridian]

But seriously can I learn how to do accounts in a few days somewhere?

Absolutely, it's just debits and credits. However, just like "can I learn to build a website in a few days", you get what you paid for. The difference is that if you cock up a website there are no fines or penalties...

Xero / Freeagent / Quicken / MS Money all do roughly the same thing - enter in your invoices, load in your bank transactions, generate a draft set of accounts.

[BrilloPad]

Fines to the LTD which has no money, or to the OP personally?

f**k knows. Where is NLUK?