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Partner has never paid tax
Comments
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mikael wrote:Another thing to think about is that the statute of limitation should protect you from the taxman making claims more than 6 years back. The only go back further in exceptional cases if serious fraud has been involved generally. If the business was not very profitable during its lastmonths/years it may not have been liable for much tax anyway. Only when you know the numbers involved and what the liablilty could have been can you really decide what to do.
Incorrect I am afraid. There is no limitation period on debts to the Crown. You can always be pursued for tax and VAT"The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts."
Bertrand Russell. British author, mathematician, & philosopher (1872 - 1970)0 -
Optimist wrote:Incorrect I am afraid. There is no limitation period on debts to the Crown. You can always be pursued for tax and VAT
Technically this is true but is usually only acted upon in very serious cases - ie millions of pounds. Tax payers only have to keep records for 6 years, anything after then will be very difficult to go back into if there is no evidence.0 -
that must be a very prevelant urban myth then - found this website which clears things up:Optimist wrote:Incorrect I am afraid. There is no limitation period on debts to the Crown. You can always be pursued for tax and VAT
http://clear-your-debt.co.uk/limitation-act-1980.htm
heavensent - you must be in a nightmare position..... at least he's finally been honest (and after such a long time it must have been very difficult for him). whether or not you forgive him and move forward is something only you can decide, and it's probably best to let the dust settle a little bit first. how separate are your finances? if he is going to have to pay back a lot of money it's worth protecting what is yours.:happyhear0 -
melancholly wrote:that must be a very prevelant urban myth then - found this website which clears things up:
http://clear-your-debt.co.uk/limitation-act-1980.htm
heavensent - you must be in a nightmare position..... at least he's finally been honest (and after such a long time it must have been very difficult for him). whether or not you forgive him and move forward is something only you can decide, and it's probably best to let the dust settle a little bit first. how separate are your finances? if he is going to have to pay back a lot of money it's worth protecting what is yours.
Maybe I am missing something, but the website you have linked to in what I read as an attempt to rebut Optimist's statement in relation to tax and VAT actually uses the exact words he/she did when making that statement. The website on that link clearly states, exactly as Optimist did,
"Income Tax and VAT
There is no limitation period on debts to the Crown. You can always be pursued for tax and VAT. "0 -
I just wanted to thank everyone from the bottom of my heart for taking the time to offer advice on my families predicament.
It has helped me so much to be able to talk about the situation with people who have been so remarkably unjudgemental.
Thankyou for understanding.And i will fill you all in when we have decided on a course of action.
Fxxx0 -
i meant that i'd thought (incorrectly) that they could only go back 6 years and that the website showed all the information on the statute of limitations act - thought some other people might find the info interesting.... i wasn't meaning to rebutt what optimist said....Bossyboots wrote:Maybe I am missing something, but the website you have linked to in what I read as an attempt to rebut Optimist's statement in relation to tax and VAT actually uses the exact words he/she did when making that statement. The website on that link clearly states, exactly as Optimist did,
"Income Tax and VAT
There is no limitation period on debts to the Crown. You can always be pursued for tax and VAT. "
:happyhear0
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