Probably like some, I was benched for 7 months before I found work this year. I then went perm but have moved abroad, rented house out in UK etc.
My Ltd co remains dormant with 0 funds in account. I paid off my 2007 taxes and then used my warchest for 7 months. I should have paid the tax early and went on benefits but you live and learn.
Anyway, I have around 9 months of earnings for 2008 which will be taxable. Basically I just dont have the money to pay the tax. My accountant is now refusing to return my calls, probably because this is hassle to them.
Can anybody give me advice on what to do? Have you been in this situation? The only thing I can do is liquidate the company and maybe come to some arrangement with HMRC, but I doubt they'll cooperate.
My Ltd co remains dormant with 0 funds in account. I paid off my 2007 taxes and then used my warchest for 7 months. I should have paid the tax early and went on benefits but you live and learn.
Anyway, I have around 9 months of earnings for 2008 which will be taxable. Basically I just dont have the money to pay the tax. My accountant is now refusing to return my calls, probably because this is hassle to them.
Can anybody give me advice on what to do? Have you been in this situation? The only thing I can do is liquidate the company and maybe come to some arrangement with HMRC, but I doubt they'll cooperate.
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