Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hello and welcome !
I am an expert with JustAnswer and I am happy to assist you with your question.
I am currently reviewing your question and I will get back to you.
Thank you in advance.
Hello and thank you for your patience. After reviewing your question there will be penalties to added to your corporation tax that is due and it will keep accumulating.The figure is very insignificant for you to avoid I would strongly recommend that you pay and end on a good note.
If you do not pay as director you will be responsible and this might affect your Visa application when you want to visit or do business with the UK again.
Please kindly feel free to ask if you need me to clarify my answer.
All the best .
Hello and thank you for your response as you mentioned that it is a LTD it is a separate legal entity .You will not be personally held responsible.