Reply to: Dissolved Company v New Company

[Boney M]

Don't forget he is providing you a service. It is still up to you to do the right thing by his guidance. You are still ultimately responsible so it would be wise to get your head around it and use him as backup and not rely totally on him.

Thanks NLUK, I totally agree and what I meant as such. Will keep all receipts etc and everything as usual and this time the company is based where I am now living in London which is a permanent base since moving back so no missing mail etc. Will keep in constant communication with hi and if unsure of anything will revert to him for any guidance as needed.

[northernladuk]

Hi Boo, met today and he basicallly said that it unlikely that they would reinstate the company and it is unlikely it would be reinstated for this and it is costly too. Seems to think HMRC will not pursue it but is as the money frozen was there or thereabouts what was owed in CT so pretty much quid pro quo (his words) because the company is now dissolved. Said there is a possibility I will have to pay the fine still from late accounting, will have to wait and see what they say now when he contacts them. Will look to be using him with my new company that I formed today so the responsibility is elsewhere and to prevent another cock up by myself

Don't forget he is providing you a service. It is still up to you to do the right thing by his guidance. You are still ultimately responsible so it would be wise to get your head around it and use him as backup and not rely totally on him.

[Boney M]

Hi Boo, met today and he basicallly said that it unlikely that they would reinstate the company and it is unlikely it would be reinstated for this and it is costly too. Seems to think HMRC will not pursue it but is as the money frozen was there or thereabouts what was owed in CT so pretty much quid pro quo (his words) because the company is now dissolved. Said there is a possibility I will have to pay the fine still from late accounting, will have to wait and see what they say now when he contacts them. Will look to be using him with my new company that I formed today so the responsibility is elsewhere and to prevent another cock up by myself

[Boo]

Many thanks boo and everyone else for your input, have an appointment tomorrow so will see what comes of it.

I'd be interested to hear what the accountant says...

Boo

[Boney M]

Clare mentioned that HMRC can get your old company restored to the register but I understand from an acquaintance of mine who works in a liquidators office that it's pretty rare for them to do that.

You don't tell us what the state of play was wrt outstanding VAT and Corporation Tax from the old Co ? In any case, whilst disolved nobody will come asking for that.

It is conceivable that HMRC will meet you with a personal tax bill which you will have to pay but my guess is that apart from the £2k which is gone forever you will not hear anything further about it. Personally I'd start a clean sheet with a new Co. and try not to worry too much.

Best of luck,

Boo2

Many thanks boo and everyone else for your input, have an appointment tomorrow so will see what comes of it.

[Boo]

Many thanks Scruff, much appreciated. I shall do as suggested and get this resolved. Appreciate your time.

Clare mentioned that HMRC can get your old company restored to the register but I understand from an acquaintance of mine who works in a liquidators office that it's pretty rare for them to do that.

You don't tell us what the state of play was wrt outstanding VAT and Corporation Tax from the old Co ? In any case, whilst disolved nobody will come asking for that.

It is conceivable that HMRC will meet you with a personal tax bill which you will have to pay but my guess is that apart from the £2k which is gone forever you will not hear anything further about it. Personally I'd start a clean sheet with a new Co. and try not to worry too much.

Best of luck,

Boo

[Boney M]

I think that you misunderstand that you have admitted to a number of offences, each of which carries a fine, penalties and the payment of taxes.

Most of the people who post on here, genuinely try and assist, but remember that "advice" given is free and not always impartial. Some are not interested in helping, particularly when only part of the truth is disclosed - some are just waiting in the wings to pounce

I never gave you advice, just a few recommendations and alternatives. If you wish to take advice, from a professional, I would recommend that you seek the paid services of a Chartered Accountant who will give you the benefit of his experience.

Many thanks Scruff, much appreciated. I shall do as suggested and get this resolved. Appreciate your time.

[Boney M]

The situation is oddly amusing.

Seems this forum is pretty clique looking at the posts already and yours to boot, very friendly for newcomers, one would wonder why members would stay, over the last 24 hours I have found a wealth of information on here but responses like that hardly invite people to stay

[Scruff]

I think that you misunderstand that you have admitted to a number of offences, each of which carries a fine, penalties and the payment of taxes.

Most of the people who post on here, genuinely try and assist, but remember that "advice" given is free and not always impartial. Some are not interested in helping, particularly when only part of the truth is disclosed - some are just waiting in the wings to pounce

I never gave you advice, just a few recommendations and alternatives. If you wish to take advice, from a professional, I would recommend that you seek the paid services of a Chartered Accountant who will give you the benefit of his experience.

[PEEL]

The situation is oddly amusing.

[Boney M]

2K doesn't sound like enough to cover much CT or VAT liabilities? You hadn't withdrawn money that you shouldn't have as well per chance?

Your company is registered at a flat share? You forget to close it down?

You see how this looks don't you... and HMRC actually care!

Wasn't reg'd for VAT and would be enough for CT as I only worked approx 5-6 months as I was out of work due to recurrent illness I had, hence no income and moving into my girlfriends, so all seems about right what was in there, when I was well again and looking ex colleague called me about the Doha role and it went very quickly from there.

[northernladuk]

2K doesn't sound like enough to cover much CT or VAT liabilities? You hadn't withdrawn money that you shouldn't have as well per chance?

Your company is registered at a flat share? You forget to close it down?

You see how this looks don't you... and HMRC actually care!

[Boney M]

I am sorry, it doesn't matter how quick it is you don't just 'forget' about a company and it's responsibilities. That is utter crap. More like ignored it because you were out of the country. You could have still dealt with the issue from where ever you were working from.

Out of interest how much money did you leave in the business bank account and lost because the company got dissolved? I have a figure in my head but would just like to know.

Hi northernlad, it was very much a whirlwind affair and I was more concentrated with getting things in order in Doha in registering for everything from housing, tax, bank, visa the whole lot and totally sidetracked and before I knew it months had past. The companies registered address was an old flatshare with a friend but I briefly moved into my GF's not long before so never got the notifications. There was about 2k, just over in the account which has been frozen and I believe has gone to HMRC's coffers, I no longer have access to this. Never my intention to fall foul here, I like to be whiter than white where officialdom is concerned and dropped the ball here which I am surprised at myself.

[Clare@InTouch]

HMRC usually object to a company being struck off if it hasn't filed accounts, but sometimes they seem to slip through the net. It seems very quick to be struck off though, the process usually takes much longer as Companies House have to issue various letters chasing overdue accounts, it takes three months to advertise in the London Gazette, and it's only 7 months since you moved away. Unless the accounts were already late by then, or due then? In which case they should have been prepared well before January anyway.......?

However just because it's dissolved doesn't mean HMRC cannot apply to have it restored to the register and then pursue for the outstanding CT, so don't settle back thinking you cannot possibly be bitten by this later on. If you want to be 100% legit then I'd recommend you go back and file accounts that should have been filed at the time. If CT is owed that you don't have, what happened to the final funds when you left the country?

[northernladuk]

Am sure I replied to you both but my posts are missing?

Post them again then.