Bankrupt client ...
A client of ours (sole trader) who owes less than £12k of tax has been made bankrupt. The last return we prepared was 2009 which we didn't get paid for.
The amount outstanding wasn't a lot but now the Insolvency practitioner appointed as trustee wants us to send to them accounts, returns and breakdown of all items on the accounts, the accounts that we weren't actually paid for!
She says that we are obliged under Insolvency law to do this free of charge presumably so they can do as little work as possible and rake in a big fee.
What are our actual rights , do we have to waste our own time collating this information and sending it in ,what about paying the postage ?
- TaxCalc Accounts production 123 2
- Working out private usage for a Taxi Driver? 371 8
- Fines for filing 12 months of FPS on one submission 209 3
- Running two businesses from the same premises 403 5
- HMRC BACK AND FORTH FIGHT ON BTL PROPERTY ALLOWANCES 79 2
- Invest in ''buy to let'' property 1,363 42
- How much of your work is admin? 625 5
- Nominal Ledger 391 11
- Gave wrong info to client about tax due 580 20
- Base value unavailable re. Capital Gain 189 2
- Old CGT loss 213 3
- Gov.UK = NOT OK! 191 3
- Paper tax return 161 4
- Start up allowance? 385 12
- Will I need to resign? 212 1
- Penalty for late PAYE registration? 250 3
- AIA or IFA 460 7
- Surely not? 467 10
- Batch input of data to Xero - is there an app? 646 9
- Late Registration for VAT 370 11