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PAYE Returns for limited company not filed properly between 2006 and 2008

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anton-1952 | 17:47 Mon 17th Sep 2012 | Civil
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My ex business partner was drawing £1,500 per month in net salary and in each of the above three years his earnings were stated as less than £5,000 for each year. One year a claim was put in for 28 weeks Statutory Sick pay even though he was not ill and reimbursed to the company by HMRC on his say so and then drawn by him as extra above his £1,500 per month.
Should I now correct matters leaving the company,dissolved in November 2009, owing a large amount of tax to HMRC?
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If you want some revenge and you think it might inconvenience your ex-partner, you could do, although maybe it's too late. Maybe you will suspected as an accomplice though.
Did your company not have auditors?
His tax return return is his business. He will know what has passed through his bank account. Do you ?
If you aware of irregularities you should report them, though from what you say this may lead to a higher debt to HMRC. It should be remembered that the revenue sometimes instigates bankruptcy proceedings even where they are unlikely to receive any payment, so home owners may be at risk.

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