Company A had 2 directors X and Y
Company A ceased trading in Dec 2009 when the business was sold - hence a large tax liability in the company (no advice was sought prior to sale)
Directors have used the money to live on since the sale and there is no now money to pay the corporation tax that is due
It should also be noted that director Y (it's a husband and wife team) resigned in April 2010
What happens if the company cannot pay the corporation tax bill?
Will the director be struck off?
Any advice greatly appreciated