Donate SIGN UP

PAYE Returns for limited company not filed properly between 2006 and 2008

Avatar Image
anton-1952 | 16:47 Mon 17th Sep 2012 | Civil
4 Answers
My ex business partner was drawing £1,500 per month in net salary and in each of the above three years his earnings were stated as less than £5,000 for each year. One year a claim was put in for 28 weeks Statutory Sick pay even though he was not ill and reimbursed to the company by HMRC on his say so and then drawn by him as extra above his £1,500 per month.
Should I now correct matters leaving the company,dissolved in November 2009, owing a large amount of tax to HMRC?
Gravatar

Answers

1 to 4 of 4rss feed

Best Answer

No best answer has yet been selected by anton-1952. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
If you want some revenge and you think it might inconvenience your ex-partner, you could do, although maybe it's too late. Maybe you will suspected as an accomplice though.
Did your company not have auditors?
His tax return return is his business. He will know what has passed through his bank account. Do you ?
If you aware of irregularities you should report them, though from what you say this may lead to a higher debt to HMRC. It should be remembered that the revenue sometimes instigates bankruptcy proceedings even where they are unlikely to receive any payment, so home owners may be at risk.

1 to 4 of 4rss feed

Do you know the answer?

PAYE Returns for limited company not filed properly between 2006 and 2008

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.