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I appreciate the responses but the point of my post was not to receive advice on the late filing penalty, I was just pointing out that this has now contributed to our debt. We have just received notice that the amount has increased and I need to deal with it but the money is not there to do so...
Whilst I appreciate what you are saying, they are the ones who file for us and are paid to do so. They were provided with the information to file and didn't within the necessary time frame. That's why I felt they should be responsible for paying the fine.
Thanks for your reply.
Total debts including the credit card are £9585.
Not much in way of assets or ones that can be sold on. We are in a rented property and have mirrors and flooring which were costly to install but now can't be lifted and sold on. We are in the process of selling off some...
I'm currently the sole director of a small ltd company which has been trading for 8 years.
In the last couple of years, profits have dipped and we have made a small loss. We currently have small outstanding debts with some left to pay on a Bounce Back Loan, a credit card that's overdue (it's a...