Hi All, Have ready quite a lot of contributions regarding Insolvency and our options on the website. I started a company 6 years ago where we provide logistic software to deliver to consumers. After getting a small seed investment in around 10k in 2016, a management accountant advised us we are meant to be claiming back VAT on all the purchases. We then try to claim back this from HMRC, so far we've claimed over £20K in the past 13 months. In the last return submitted, HMRC picked this up for investigation and have asked for the calculations e.t.c. On speaking to an accountant, we were advised this is a grey area and will cost us a lot to even fight it, we have less than £100 in the bank, we've stopped operations as we can't afford to hire logistic staffs to carry out delivery. Our accountant is looking to help us sell the company and pay HMRC back. We have no credit card nor other loans. Actually, we never claimed before until last year when our former accountant advised we should be claiming back hence we started claiming late 2016. In addition, the accountant suggested an IP friend who confirmed we need to pay £5,000 including VAT for the company to go through insolvency. We informed him we have less than £100 in the bank, he wants to spread the money and come up with payment arrangement for me to pay personally. This will definitely be a burden on me as have not even been getting salary and as a result, I'm seriously considering @Spongebob Plan. We were wrongly advised, wish I knew better. But before going ahead, I thought someone might have better suggestions in terms of how to go about this. I sincerely appreciate the time. Thanks for your help.