Recent content by Jamesy123

  1. J

    help with VAT debt please

    All the missing vat returns were submitted recently which triggered the vat inspection. It would be difficult for me to repay the whole debt in 18 months. Still in my 1st year of the new business so can't say for sure. I have no personal assets - rented house and a 10 year old car. I...
  2. J

    help with VAT debt please

    He says that the debt collection people will try to force us to repay the debt within 3 months but if we try hard we may be able to extend that to 18 months. After what I have been told here and by my accountant, HMRC will definitely not split the liability between me and my ex-partner - I...
  3. J

    help with VAT debt please

    Hi, Thank you for your replies. The vat inspection was today!
  4. J

    help with VAT debt please

    Hello everyone, I'm new to the forum and would appreciate some help. I was in a partnership with one other partner until July 2011. Business for the last few years was poor and I didn't have a good working relationship with my partner so told him that we should split. We agreed that I...
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