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VAT bond

How is the bond estimated.

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Client (sole director) is liquidating due a couple of client not paying,  He owes HMRC around 21K in VAT

He will setup a new company straightaway.  How likely is HMRC to ask for a VAT bond for six months ?

Do HMRC estimate the bond based on my clients last company ?

 

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By Ruddles
19th Feb 2018 18:41

In light of inadequate information in the question, I suspect that this is as good as you're going to get:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/fil...

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