Because of cash flow I own 17 K of self assesment tax and 13 K of VAT. Customers own me about 15 K..This tax is for 2011.I made a payment of 1 k on july and small payments august september.
Im wondering if or when HMRC take an action against me. I dont have any assets. My personal debt is about 10 K but managed quiet well.
Im thinking about volountary bankruptcy.I dont know .cant sleep. Money comming slow..and i have to act fast. HMRC dont agree anymore for time to pay.