Recent content by Davo1

  1. D

    Corporation tax arrears - can't pay

    Thank you all for your well valued advice. My directors loan is in the region of 17K. Darryl, if HMRC do decide to demand the full sum due to a missing instalment, how long will I have before it gets to court?
  2. D

    Corporation tax arrears - can't pay

    Yes, there is usually 0 left in my business account and I certainly want to keep my Ltd Co going. I think that is very good advice about the car.
  3. D

    Corporation tax arrears - can't pay

    I don't feel so alone on this now....much appreciated. I do actually pay tax and national insurance on 20k per annum every quarter although due to my large personal debts I usually have my business account drawn to the max. Because of this, as I have been led to believe, my dividends are too...
  4. D

    Corporation tax arrears - can't pay

    Thank you for the reply. Salary drawn is 20k, expenses about 3k (only claim taxis to the airport, public liability insurance, tools and work clothes) and the rest in dividends and directors loans. Because of my personal debts there is often not much left in my business account. Not the best way...
  5. D

    Corporation tax arrears - can't pay

    Yes I do have an accountant.
  6. D

    Corporation tax arrears - can't pay

    I am new to this site and would very much appreciate advice on my corporation tax arrears. April 2011 was the second year in a row where I did not have the funds to pay my corporation tax of about £7000. They agreed to monthly instalments but now I can’t pay my instalment at the end of this...
See more
Top Bottom
Community
Articles
Menu