D
Pm sent to modorator
I had previously written out a detailed response to your post which was deleted by the moderator (for some reason which i still don't understand).
[FONT="]Any responses to posts with meaningless titles will be removed.[/FONT]
Im looking around for an accountant that would specialise or have experience dealing with this side of things so hopefully will get this whole mess sorted sooner rather than later.
Thanks for the reply's guys, some good advice at last!
Im looking around for an accountant that would specialise or have experience dealing with this side of things so hopefully will get this whole mess sorted sooner rather than later.
Thanks again
. I am now unemployed and on the dole plus I dont own a house or a car and have virtually no possessions the sheriff could take instead of the money.
So basically theres a few things i need to know:
- Can the sheriff only accept total payment?
- I have no money so will it go to court instead?
- Whats the worst case - could i be jailed for non payment?
The sheriff can only act against the assets of the company, so even if you had a car, house, 20p in your pocket he cant come and take anything that doesnt belong to the company/QUOTE]
Well I wasn't aware of that now, I was under the impression that even though its 'the company' that owes the unpaid tax I thought I could still be held responsible personally as i was director of the company?
So what would happen if i just flat out refused to pay the unpaid tax, I don't mean that in an arrogant way, just simply not having the money to pay and telling the revenue & sheriff just that? Would it just be along the lines of the company being blacklisted, struck off or whatever it is they do, and me being banned from ever having a company / being a director?
Hi D24The sheriff can only act against the assets of the company, so even if you had a car, house, 20p in your pocket he cant come and take anything that doesnt belong to the company/QUOTE]
Well I wasn't aware of that now, I was under the impression that even though its 'the company' that owes the unpaid tax I thought I could still be held responsible personally as i was director of the company?
So what would happen if i just flat out refused to pay the unpaid tax, I don't mean that in an arrogant way, just simply not having the money to pay and telling the revenue & sheriff just that? Would it just be along the lines of the company being blacklisted, struck off or whatever it is they do, and me being banned from ever having a company / being a director?
Do not assume you can get out of it that easily unfortunately.
The revenue can fine an officer of the company for failing to make a tax return or making an incorrect one. In some instances they can persue the officers of a company for the tax itself, or if there is fraud involved, twice the tax (s1054 TAXES CONSOLIDATION ACT, 1997)
There is also frauduent trading, reckless trading, failure to keep roper books and records etc. All of which make a director personally liable for all the liabilities of the company.
Your best course of action as stated above is to engage with the sherif and find out the position is and make arrangement to pay off the tax that is owed (if indeed any is owed).
Hope this helps
DBran
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