We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
HELP Im faced with a huge tax bill i shouldnt have
McAlex
Posts: 1 Newbie
I started a business with my ex partner a few years back... the relationship broke down and they agreed to take over..they told me my name had been taken off the busines so i wa happy , but as it turns out they didnt pay the hrmc for a year then declared banruptcy and never took my name off the papers.. now im faced with a huge sum that i dont have and no idea what to do... help
0
Comments
-
Do you have any written evidence to support your claim that the partnership ended some time ago. Was there a written partnership agreement. Were the accounts drawn up by an accountant. If so were they sent to you for approval.
During the partnership, did you have authority to sign cheques on the business bank account? When did you ( or anyone else) notify the bank you were no longer a partner. What entries did you make on your tax return? If you have not got copies, ask HMRC for them.
Not sure what you mean when you refer to partners.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards