Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • wozzza72
    • By wozzza72 25th Jul 18, 2:25 PM
    • 21Posts
    • 2Thanks
    wozzza72
    Unpaid business rates on Ltd company
    • #1
    • 25th Jul 18, 2:25 PM
    Unpaid business rates on Ltd company 25th Jul 18 at 2:25 PM
    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
Page 1
    • wozzza72
    • By wozzza72 25th Jul 18, 9:34 PM
    • 21 Posts
    • 2 Thanks
    wozzza72
    • #2
    • 25th Jul 18, 9:34 PM
    • #2
    • 25th Jul 18, 9:34 PM
    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
    • By Pennywise 26th Jul 18, 9:46 AM
    • 10,787 Posts
    • 20,341 Thanks
    Pennywise
    • #3
    • 26th Jul 18, 9:46 AM
    • #3
    • 26th Jul 18, 9:46 AM
    The tax is being dealt with, the accounts are being made up to date now .
    Originally posted by wozzza72
    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
    • By fishybusiness 26th Jul 18, 1:04 PM
    • 1,233 Posts
    • 773 Thanks
    fishybusiness
    • #4
    • 26th Jul 18, 1:04 PM
    • #4
    • 26th Jul 18, 1:04 PM
    Google 'Spongebob Plan'.
    • JohnChew
    • By JohnChew 9th Nov 18, 11:04 AM
    • 120 Posts
    • 9,778 Thanks
    JohnChew
    • #5
    • 9th Nov 18, 11:04 AM
    • #5
    • 9th Nov 18, 11:04 AM
    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
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

320Posts Today

3,213Users online

Martin's Twitter
  • Watching Theresa May... seriously would anyone in their right mind truly want her job right now!

  • RT @thecheekypostie: @MartinSLewis Thanks to this, I have just skim read it. To those in Scotland - on page 548, Dounreay is mentioned by n?

  • Today's twitter poll: The 585 page draft agreement of the withdrawal of the UK from the EU has been published. A? https://t.co/8YLkPyzqYM

  • Follow Martin