Originally Posted by nikster
rumour mill saying VAT bill was big part of the problem??? so if you paid VAT on a new cobra in the last year - you may be paying for it twice soon..... watch for HMRC letters popping through the door...!!! and yes i think they can..........?
I don’t know the details of this case but am unsure why someone with a VAT receipt would have to pay again.
The crown / HMRC are one of the first people to get paid from the sale of assets when a company goes into receivership/liquidation. For that reason it’s a fairly safe strategy for them to cause the company to go into receivership.