Have Tax Questions? Ask a Tax Expert for Answers ASAP
Many thanks, ***** ***** context, the company i currently work for is a small tech startup of only 4. Two are directors and two are employees (of which i'm one). To further complicate it - we're colleagues from a previous firm that separated and start a new organisation and I regard them as friends.
It appears that my two friends that own the company have been 'winging' it in the hope that the company became profitable prior to having to do their tax returns next year. I have been offered something else more secure with a large organisation and therefore leaving for the security.
When this was raised last week and the potential implications they have assured me that I am not liable and will document this in any format that I wish. I already have my offer of employment and contract and they are willing to complete and sign something that states they will take care of my tax and NI before the end of the financial year.
They are also saying that they will fund and pay their accountant to complete my self assessment.....
Does this all sound as if it would be okay - or am i likely to fall foul of HMRC?