Member Since: 21st Oct 2002
24th May 2012
@ Black Knight
FYI: We have no specific hard/ paper evidence for MLR, so chances of investigation from them if reported are nil. Clearly deliberate though.
honest client: Unfortunately he is not LTD, is locked into 19 yrs remaining on leased premises with no get out/ escape clauses!
It's all seems unfair. Oh well .........
24th May 2012
I had the misfortune of dealing with such a person recently (ex tenant of my client). What we uncovered was several companies struck off within a year each, estimated turnover > £200k pa, no paperwork kept, no VAT, corporation tax, PAYE payments made. The guy is a complete criminal, how do you report him, how do you stop him setting up new companies in future, there is no easy mechanism, we don't have hard evidence. He'll just be moving on to fleece his next victims. Latest Ltd company is in his partners name.
On the other hand I have a new client that I am helping who is experiencing very hard times and has also gotten a couple of years behind with his paperwork. We are sorting this all out now but in the mean time the HMRC have served a Stat Demand for the £100k in estimated back taxes. He has been entirely honest about his position. FYI, the real arrears tax position is less than £20k.
Where are the authorities when you need them.