Loan to company
If it is as you have stated, this a normal transaction involving Vat. The F & F should not then be on the Balance Sheet as they don't belong to the client. Why does she not just have a charge over the F&F without acquiring title ( similar to a bank) ?
Don't forget CH are on Strike on 30th so nothing gets processed and no doubt if it arrives on that day it will be stamped 1st July & fines will ensue
Don't forget that by the swapping of invoices as suggested above your client will become responsible for handling the VAT. He must beware that he isn't left holding the baby down the line and insist that all money paid to him (including his modest fee) has properly cleared before he buys/pays for the goods. I've seen this type of activity end up with major grief for the trusting client. As a matter of interest what country would the goods be exported to?
how can they be so useless.
To misquote the Santander advert "because together we are HMRC"
Bankruptcy or not???
If the facts are as statedHas she got any other liablities eg credit cards,loans,overdrafts all of which would be captured in the bankruptcy and it therefoer may suit he to declare her own. If not her choices are 2 - Do it herself of let HMRC do it. It is worth explaining to HMRC that she has no assets and test their reaction before you decide. It could be that they may write the debt off or not persue her. If the latter do nothing and ignore them
Make sure you are paid up front for any work done or you may find yourself an unsecured creditor. Additonally has she got the court petition fees for personal bankruptcy?
Don't underestimate the vagaries of planning law when looking at premises. If you require change of use it may not be easy and would be certainly be resisted if you are changing from retail to offices in a high street location.
If you're not in a main location but rather in a back street that reduces the efficacy of having a "shop front", which is footfall past your window
Your question is not totally clear If you are made bankrupt all assets in your ownership form your estate and pass to the Trustee in bankruptcy.He will not necessarly seize them dependant on the circumstances.
Your trading position ( partnership or director) is irrelevant if you are bankrupt
This sounds like part of a tax investigation. If you are not an accountant I suggest you seek professional advice immediately before you reply to the letters. This should not be by posting on this site alone
The attached link may give you what you want in finding the normal no instead of 0845
Have you got a UTR yet because if so it will be on the notification document