Directors unable to pay CT liability
Client has decided to sell own home to pay off CT, as they have been given more time to pay if they submit a solicitor's letter of undertaking. I am unsure however, if there is not enough funds to clear the mortgage and the CT, what action would be taken against client by HMRC. Would this letter be legally binding against them personally?
jem
- Tax Status 216 2
- Client Trials on Xero 145 5
- VAT on car battery lease 117 1
- VAT and Phoenix companies 138 1
- Professional Clearance 223 4
Ooh no..