Directors of companies that use HMRC as one of their bankers should take note of a recent tribunal known as ” Roberts”, about their potential personal liability for unpaid PAYE /NIC contributions
In short the finance director was served with a personal liability notice for PAYE and NIC which were deducted from wages but not paid. More details available if required. This need not happen with the correct advice and funding possibilities. There are many alternative business finance to bank funding such as flexible invoice finance, EFG funding asset refinance and sale and lease back of intangible assets using directors pension pots.
XL Business Finance has been providing alternative funding solutions for over 12 years
