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So this my thinking, if you haven't charged any VAT on invoices, didn't register until September then you shouldn't have all of the previous invoices taken into account..
I personally used this accountant once only for annual corporate tax and they forgot it was a leap year so HMRC were on my...
Many thanks for all the replies so far.. so to clarify a few points.. she hit threshold in July I think
Spoke to accountant who sai register for VAT so August should have been the month.
Accountant came back with a VAT bill for 12K ? ( 12.5 flat rate) So I presume she's calculated the whole...
Hi everyone I'm asking this for our friend who is in a Pickle over VAT. This July our friend ( sole trader) reached the vat threshold with her buisness. She has not charged VAT on any invoices up to this point. She has registered now for VAT ( which HMRC is dragging its feet with may be 40...
hi everyone, our company closed at the start of may and letters were sent out to everyone explaining with had closed with no assets or money. Most people have not responded at all to the letters and i am sending out the strike off application letter to them this week my question is what happens...
hi no they didnt. i know some larger companies like BOC gasses have lots of things like that in their t and cs but this was a small printing firm. So who gets the compensation if i paid it
hi it has got a run down and it actually said all invoices have been paid...but this is compensation for paying them late.. so i never agreed to this with the firm that we dealt with..they went bust,, the liquidator said we had paid everthing,,,then a year on this firm send this out.
hi all we had a letter to our company from the credit protection association with a run down of invoices we paid late to a printing firm over a year ago. the firm had gone into liquidation and we had a email from the liquidators saying we had paid everything and our firm had been taken off the...
So of the company sold its assets ( which isn't enough to cover the cost to liquidate or pay the owed rent ) to the landlord rather than passing them on would that be a better procedure? Looking on the HMRC website it says that selling assets to cover costs is an option?
Hi no personal guarantee and the landlord is owed rent that all of the assets won't cover. I think he is in his right to seize them anyway because of rent owed. I would estimate assets to be worth around 3k if it went to auction at best.
Hi thanks for the reply, we're not personally responsible for it and we did have a 3 month period were our meter died and I think the bills were over estimated but we will still be left with an outstanding balance
Hi all, out Ltd company ( pub/restaurant) is going to close soon due to rent/ overheads not making it viable anymore. We owe our our Landlord quite a bit of rent after a year of struggling with lower footfall and higher energy bills ect. We have agreed to leave any assets to him towards rent...