Reply to: HELP!!!!!!!!!!

[ASB]

If it gets struck off, does he have to pay the tax?

Potentially. They can try and transfer the debt to one or several of the directors, whether they are successful depends upon the circumstances. Give the OPs description of their behaviour I would thought there is a very good chance.

If he doesn't take the advice he has been given then when it catches up with him (if it does which is likely since HMRC will not be likely to accept the striking off) then they could start muttering things like fraud and disqualifying him as a director and other such inconveniences.

[Wanderer]

If you have any money in the bank account, move it. It becomes the property of the Crown if the company is struck off the register.

If it gets struck off, does he have to pay the tax?

[riffpie]

Painfully obvious

[worzelGummidge]

Yawn.

[BlasterBates]

You need to have things in perspective here. All HMRC will do worst case is estimate the tax and send you a huge a bill. But it will be huge.

See an accountant and get your tax return done, and get it sorted.

[Dearnla]

If you have any money in the bank account, move it. It becomes the property of the Crown if the company is struck off the register.

Sounds like he spent it anyway

[SallyPlanIT]

We have a client that joined us and was in a real mess with VAT, CT and PAYE payments. HMRC negotiated for the client to pay them a monthly amount on account. This has been going on for 18 months now.

They would rather receive payments on accounts that are affordable than no money at all.

If you have any money in the bank account, move it. It becomes the property of the Crown if the company is struck off the register.

[Old Greg]

On this forum there are people who are accountants. Do a search for accountants (search box at the top) and contact one of them for help asap. You will have to pay.

Assuming this is not a troll...

Nixon Williams is correct. You must talk to an accountant. I use SJD who are very good. I understand that Nixon Williams are also very good. Do not bury your head in the sand. Speak to one of them today and it will be OK.

Make sure you stay in work and earning money as you will need it to pay of what you owe.

[SueEllen]

its nice to no that you guys can give me honest advise without fooling around!!!!!!!!!!!!!

On this forum there are people who are accountants. Do a search for accountants (search box at the top) and contact one of them for help asap. You will have to pay.

[realityhack]

If you weren't talking total tulip, then the advice might have been better.

Do what you have been told to do (assuming your post is genuine) and consult an accountant.

How did you set up your ltd company ? How did you open a business bank account ? How did you register for VAT ? If you claim to have done all this without professional help, I would find it hard to believe, seeing as how you can't spell the simplest words. If an accountant helped you, then you have already engaged one. Problem solved.

First step would be to stop being a d1ck.

Play nicely in accounting/legal please.

Regardless of whether you (or I) believe this is a troll, flaming is best left to the social parts of the forum.

[northernladuk]

You stated (correctly in my opinion) that his is a troll post and not even true. Why are you answering it then? Looks like troll has got you!

[TestMangler]

its nice to no that you guys can give me honest advise without fooling around!!!!!!!!!!!!!

If you weren't talking total tulip, then the advice might have been better.

Do what you have been told to do (assuming your post is genuine) and consult an accountant.

How did you set up your ltd company ? How did you open a business bank account ? How did you register for VAT ? If you claim to have done all this without professional help, I would find it hard to believe, seeing as how you can't spell the simplest words. If an accountant helped you, then you have already engaged one. Problem solved.

First step would be to stop being a d1ck.

[CheeseSlice]

its nice to no that you guys can give me honest advise without fooling around!!!!!!!!!!!!!

If this is for real, get professional help (i.e. accountant). Don't ask a bunch of contractors on a forum who play (mostly) by the rules.

I'm sure an accountant will tell you of some way to prop up the business and pay your taxes without going to court / prison.

[romeo]

its nice to no that you guys can give me honest advise without fooling around!!!!!!!!!!!!!

[TestMangler]

I would suggest you go to your local Police station IMMEDIATELY to hand yourself in. Take all your desktop pcs and laptops and tell them that you have been 'grooming'. That is the technical term for avoiding tax and ignoring letters from HMRC. Depending on how much we're talking about here, you could get away with 12 months inside and would probably only serve 5 months or so.

HTH