Hello my name is ***** ***** I will help you.
How much have you under declared please?
Ok, you should come clean. This is because the chances are when they have your returns and accounts they will spot easy had been done.
If you own up to it now, then you are likely to only have to back pay vat.
If you don't own up to it then you are likely to have to pay a penalty and interest. You also risk being prosecuted as you know the returns are not correct.
Can I clairfy anything for you about this today please ?
No, they can't come after you personally.
If you don't own up and they find out the penalties could be more and they could prosecute
Does that clairfy?
If they can't recover the money from the Ltd company they won't go after you personally.
You are legally required to notify all creditors.
But they can only oppose any dissolution rather than come after you personally.