Tax liabilities
We tell clients how much tax is due, to who and when but it’s worth noting the following deadlines. It’s also worth noting that should you or your company default on the payment of PAYE and NI and other taxes, there are existing procedures – which have been used successfully in the past – and new ones to not only enforce PAYE liabilities on the employee who received the emoluments and, in the case of NI, any Director of a company which fails to pay NI due, where the Director is fraudulently or negligently concerned with non payment, but it is also possible to obtain freezing orders over a Director’s personal assets to secure payment of NI liabilities and worse, HMRC now have the power to seize money direct from taxpayer’s bank accounts.