Hi, I am a director of a small company where I am the secretary also, I am facing a large bill (s) from the Revenue for various returns not yet filed.
I am probably looking at around 20k before penalties and interest in vat and P35. They have already written to me giving 21 days notice to supply outstanding returns and pay all balances.
If the company is insolvent what happens to the revenue debt?
Does it pass to you in a personal debt?
If so what is the point of having a limited liability...
Revenue debt and company insolvency
I am probably looking at around 20k before penalties and interest in vat and P35. They have already written to me giving 21 days notice to supply outstanding returns and pay all balances.
If the company is insolvent what happens to the revenue debt?
Does it pass to you in a personal debt?
If so what is the point of having a limited liability...
Revenue debt and company insolvency
