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Considering to cease trading by 30 sep 11...

By: Jmeader [24-September-11 2:29PM]
1 posts
Businessman image (c) About My Business

Hi this is my first post hope its in the right place

ive been told by hmrc that my company owes a £400 penalty for late filing of a form, which i believe is to with employers paye and was due to be submitted online by 19th may

i only discovered it was a problem when i queried how to pay the first 3 months paye of this year, i went to see my accountant and he said he sent me a letter telking me about it but as he didnt send it recorded and we've had problems with the post, i was none the wiser

he sumitted the online form on 8th sep and yesterday i got this penalty which said its £100 for every month its late, it says on the letter its been reduced to £191 because they have used money from somewhere else but i dont understand

my accountant isnt responding so my question is if i cease trading before the start of the company's new financial year on 1st oct 11 and switch back to being a sole trader can i walk away from this money owed? this is not the first time ive had problems and ive paid smaller fines but this time we are not willing to accept it

also, we have quite a few incoming standing orders to the account and some may arrive after the end of the month. if i simply close the account with barclays is it fair to say i wont end up receiving these payments into a new financial year as im keen to avoid this getting messy, i can simply call each client and tell them to send me a cheque for this month and then change the standing order to my own personal account for the new month

ive typed this all on an iphone apologies for any spelling and grammar errors

regards

james meader
jm computer support limited

Re : Considering to cease trading by 30 sep 11


Truemanbrown [27-September-11 11:15PM]
41 posts
Businessman image (c) About My Business

Jim, I would not try and have the company struck. HMRC do have the power to stop it.

I would be questioning why my accountant did not, at the very least, send me a reminder that they had not received the Form P35 back from you.
__________________
For efficient accounting services go to www.truemanbrown.co.uk

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