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Insolvency FAQ # 5 – What happens if a company director receives a notice from the tax office? Can a company director be personally liable for the debts of the company?

April 26, 2017COMPANY director happens Insolvency Notice Office personally tax

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Insolvency FAQ # 5 – What happens if a company director receives a notice from the tax office? Can a company director be personally liable for the debts of the company?

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Yes. If a director of a company receives a notice from the tax office in relation to tax due by a company, then it may be that the director will become personally liable if he/she does not take urgent action for the appointment of an administrator.