I have a limited company client who has just received a significant CITB levy liability for 2018/19. The sum is significant and the accounts for the year ended 31st January 2019 and 2020. have already been filed at Companies House and with HMRC..I understand that the 2019/20 liability is following which again will be a significant sum. What now is the best way to proceed? Is it to amend the accounts and tax returns and refile? Many thanks.
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Hi
I may be of no help at all but a few years ago a colleague of mine had the same situation and whilst I can't answer any questions (as I never dealt with it) I just remember they ended up incorporating another Company name and paying the subs through this new Company. Whether that was the right thing to do or even allowed, I don't know, I just remember that was the outcome. Sorry I can't be more helpful.