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| yungkris1 |
Posted - 25 April 2009 : 08:34:50
as a director of a small plumbing firm i am being pursude by hmrc for a measly amount of £9000 corporation tax. i have accounts with big firms that total no more than £15000. i have recieved a letter from hmrc statingthat property could be seized from my house. is this possible. in the worse possible senario what could happen? i have not been fraudaulent, just unlucky. someone please advise me as these are worrying times. |
| 4 L A T E S T R E P L I E S (Newest First) |
| Reviva UK |
Posted - 25 April 2009 : 17:27:21
Hi
as it is corporation tax, and it is a limited company then HMRC cannot pursue you pesonally unless you have been fraudenlent.
If the company has assets, money owing to it, premises, vans etc etc etc then these could be at risk.
HMRC would be able to either go down the bailif route or they may decide to wind up the company which is similar to making an individual bankrupt.
Strongly suggest you speak to a forum expert and discus the matter further
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
http://www.revivauk.com
Real People ..... Real Debt Solutions
www.revivauk.com |
| Niobe |
Posted - 25 April 2009 : 16:53:47
HMRC could make you bankrupt. If that is the case, then you could lose your house.
The OR would take control of it. If there is no equity, then you could get someone to buy the beneficial interest from the OR. It costs £1 plus court costs. If there is equity, the OR will have to decide what to do about it.
As to property being seized, they could send the bailiffs in to remove assets to try and get their money back that way. I believe they would need a court order for that.
The glimmer gets brighter all the time
Jan
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| yungkris1 |
Posted - 25 April 2009 : 16:44:34
Thankyou.you say that hmrc could take my house.? is this right. As a director of a LTD company surely this cannot happen??? even more worried now. somene please advise..??? |
| chester2005 |
Posted - 25 April 2009 : 12:32:07
Firstly welcome to the forum
Worst case scenario!!!
HMRC declare you BR the OR takes control of your assets ie. your house and realises the equity from it. Leaving you homeless and BR
I think of all possible creditors the worst has to be HMRC.
I personally would stropngly recommend you take further advice from an Expert such as the ones you can access from the left hand side of the page.
They will most likely be able to suggest the best course of action that is easiest and costs you the least.
Dave
Don't worry or know that worrying is as effective as trying to solve an algebra equation by chewing bubble gum.(Baz Lurman)
Life's too short!!! |
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