I contracted for around 10 years, always up to date on corp tax etc. June 2018 my 4 year contract ended. I stayed in a service role, 2 days a month, but couldnt find anything long tem, until eventually being taking a perm role in March 2019.
Fast forward 18 months later. I kept my ltd active, have paid my accountant monthly, always with intention of going back when market picks up. Long and short, ive been landed with a bill of £25k from HMRC, backdated. I have no means of paying this. I have about £400 in my ltd bank acct. While my salary is ok, i just dont have that money, or ability to raise 25k outside of high interest personal loans.
So, my wife is furloghed and we are both worried beyond belief that we will have to sell our house.
Just need to ask, any advice ? Anyone had similar experience ?
Fast forward 18 months later. I kept my ltd active, have paid my accountant monthly, always with intention of going back when market picks up. Long and short, ive been landed with a bill of £25k from HMRC, backdated. I have no means of paying this. I have about £400 in my ltd bank acct. While my salary is ok, i just dont have that money, or ability to raise 25k outside of high interest personal loans.
So, my wife is furloghed and we are both worried beyond belief that we will have to sell our house.
Just need to ask, any advice ? Anyone had similar experience ?
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