Hello all.
I'm new here, I apologise if this is not in the right area of the forum!
I am a sole trader and run a limited company of which I am the sole director. Two years ago I emigrated to the USA and this is now my home.
I have not traded in the UK since emigrating. However I have had to keep filing because five years ago HMRC opened an investigation into my personal and company tax affairs as a result of bad practice by my former accountant. HMRC acknowledge that it was not my fault, though they do accuse me of carelessness.
Finally, this week, I received an offer letter from HMRC detailing their findings and calculations of tax owed and penalties and interest for myself and the company.
I have enough money to pay my personal liability but not that of the company. Therefore I am considering liquidating the company.
The company has no assets, but I’m concerned that I can be made personally liable.
What are my options?
I’d be grateful for any advice.
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