Incorrect Accounting firm tax liability

[EternalLurker]

The accountant has not given you perfect advice. For example, ER has always been claimed on your SATR and has never been something "claimed by the liquidators" (there are other examples). However, you should not expect perfect tax advice from an accountant, because they specialise in accountancy, not the minutia of tax legislation. Moreover, you are always ultimately responsible for running (and closing) your own business, to which countless sad stories on CUK attest. I'm afraid there is very little you can do about this. Consider it an educational experience. As a business owner, you always need to educate yourself (to a large degree) about all aspects of your business, including your accounts and relevant tax legislation, actually. Too many people make the mistake of delegating everything to accountants that are not fully qualified, at best, and sometimes much worse.

Oh believe me, this is indeed a lesson. If they are worth their salt, they should say that they can't give an opinion on this matter as they are not experts. Tbf, in the original email, they wrote 3 paragraphs telling me why I should use a MVL that they do business with as opposed to anyone else. Maybe the commision got in the way.

[Lance]

I would stop being so precious about it.
They gave you advice that was not very good. But nor was it wrong.
And did you ask them about closing he LTD or your personal tax? Were they going to do your SATR for that year? If they weren't then you've not paid them for personal tax advice.

But whether you pay 10% or 20% it was still the best option, and beyond their (and your) control whether you would qualify for BADR.
So stop worrying about something you cannot change, and would not have altered your decision anyway.

[EternalLurker]

I can't say I disagree. But perhaps the accountant should have just added "according to personal circumstances and changes in tax legislation at the time of action". By all means keep complaining if you wish. I don't think you're going to get anywhere***. But that's your choice. I would put all my effort right now into understanding exactly what my true tax liability is and make sure I wasn't close to incurring any penalties.

*** My own limited experience of professional bodies is that unless there's something very illegal or large amounts of money at stake, the professional bodies circle the wagons and adopt a "wear you down strategy" until you give up.

Not looking to take this any further, it would be a complete waste of time. As for the part you said they should of added, believe me, they have said it about 10 times (if you are eligible) after the event.

[EternalLurker]

I would stop being so precious about it.
They gave you advice that was not very good. But nor was it wrong.
And did you ask them about closing he LTD or your personal tax? Were they going to do your SATR for that year? If they weren't then you've not paid them for personal tax advice.

But whether you pay 10% or 20% it was still the best option, and beyond their (and your) control whether you would qualify for BADR.
So stop worrying about something you cannot change, and would not have altered your decision anyway.

Not precious at all but if they are not in a position to advise on such a matter, then they shouldn't. And yes, they were handling my Ltd company and SA affairs.