Don’t disappear when HMRC comes knocking – One director’s £7.4m mistake
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Don’t disappear when HMRC comes knocking – One director’s £7.4m mistake
One Yorkshire company director tried the silent treatment, and it cost him over £7 million. Here is what happened, and why it matters to you. What was the issue? Two of John Firth’s businesses went under, leaving £7.4 million in unpaid VAT. The companies did not appeal HM Revenue & Customs’ (HMRC’s) findings. So, HMRC issued him Personal Liability Notices (PLNs) and went after him directly. Why did it go so wrong? He didn’t engage. Over nearly e…
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