2007-11-06 07:41:05 · 6 answers · asked by jim g 1 in Business & Finance ➔ Taxes ➔ United Kingdom
Yes. You will have to pay as much of your debts as possible
http://www.insolvency.gov.uk/guidanceleaflets/guideforcreditors/guideforcreditors.htm
2007-11-06 07:49:30 · answer #1 · answered by Philip W 7 · 0⤊ 0⤋
Yes, the company will have to pay any outstanding VAT, and if it can't, those lovely people at HMRC will pursue you for it personally.
2007-11-08 09:20:12 · answer #2 · answered by Do not trust low score answerers 7 · 0⤊ 0⤋
Vat is one of the priority debts and comes before trade debts and after cost of the liqidation. There are opther priority debts
Shareholders but not bond holders come last after trade creditors
2007-11-06 10:51:34 · answer #3 · answered by Scouse 7 · 0⤊ 0⤋
Yes
All government bodies are top priority creditors when dealing out what is left of the company
2007-11-06 09:18:33 · answer #4 · answered by stormydays 5 · 0⤊ 0⤋
A famous saying is you cannot get blood out of a stone,Guess what, The inland revenue can.
2007-11-06 07:45:42 · answer #5 · answered by taxed till i die,and then some. 7 · 0⤊ 0⤋
OH Yes!!,
2007-11-06 07:49:04 · answer #6 · answered by oop139gg 3 · 0⤊ 0⤋