Hi,
HMRC carried out test purchases on our restaurant in Feb 2013 and they concluded that there were missing sales not recorded in the business takings. They subsequently revised net sales for the past 4 years! We already ceased trading in June due to cashflow difficulties - the partnership owed a few months rent, suppliers and VAT liabilities.
Can anyone advise whether LLP could protect the partners from potential tax liabilities?
Your help would be much appreciated.
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