Unpaid business rates on Ltd company

wozzza72

Hi
We have ceased trading a limited company owing £1500 of business rates. The company will be closed down very soon, my question is, will the director still liable for these arrears or can we write them off with the company, which had no assets whatsoever? We have been in touch with the council but all they have done is sent us a bill.

Thank you

wozzza72

Thanks for the answer.

The tax is being dealt with, the accounts are being made up to date now .

No guarantee with the rates at all. I have today informed the council that there are no assets or money to pay the rates as the company ceased trading due to money difficulties. Fingers crossed that will be the end of it.

Pennywise

wozzza72 wrote: »

The tax is being dealt with, the accounts are being made up to date now .

Is there any tax due? You can't pick and choose which debts you pay. If you can't pay all the debts, you need to enter into either an informal arrangement with all debtors or appoint a liquidator. Everyone who is owed money is equal and should be dealt with fairly - you can't decide to pay the tax and not the rates.

fishybusiness

Google 'Spongebob Plan'.

JohnChew

Why the Spongebob Plan could actually cost you money https://www.realbusinessrescue.co.uk/articles/business-liquidation-bankruptcy/why-the-spongebob-plan-could-actually-cost-you-money