Must admit I didn't know that about APNs. i.e. You had to pay up then sort it out later or face penalties....
But, in reality surely this isnt going to happen surely?
Like I said, going back to the story of my brother. Self-employed. Didn't bother paying tax for 5 years. Chucked letters in the bin, demands etc. Just bunged it all and ignored them. Eventually, and it took them years, they got serious though and threatened jail etc. because he was bang to rights.
So he decided to sort it out. Can't remember the exact figures but he owed something like 50K with a part of this being fines etc obviously.
In the end, after he got an accountant on board to do the bargaining etc, they waived ALL the fines, and even some of the outstanding tax. He paid I think a few K up front, then the rest over about 2-3 years every month. Ended up paying less than he would have originally. (but he still moaned).
Point being - from what I've seen they aint gonna come steaming in demand £200K and declare you bankrupt. I could be wrong of course but this is just what I've seen.
But, in reality surely this isnt going to happen surely?
Like I said, going back to the story of my brother. Self-employed. Didn't bother paying tax for 5 years. Chucked letters in the bin, demands etc. Just bunged it all and ignored them. Eventually, and it took them years, they got serious though and threatened jail etc. because he was bang to rights.
So he decided to sort it out. Can't remember the exact figures but he owed something like 50K with a part of this being fines etc obviously.
In the end, after he got an accountant on board to do the bargaining etc, they waived ALL the fines, and even some of the outstanding tax. He paid I think a few K up front, then the rest over about 2-3 years every month. Ended up paying less than he would have originally. (but he still moaned).
Point being - from what I've seen they aint gonna come steaming in demand £200K and declare you bankrupt. I could be wrong of course but this is just what I've seen.
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