How we sorted a Kentish Town venue's overdue accounts and VAT
Client M runs a small live music venue and bar in Kentish Town that had grown fast but fallen behind on compliance, Ltd company accounts overdue at Companies House, Corporation Tax returns unfiled, and the business trading above the VAT threshold without being registered, with mounting letters from both HMRC and Companies House.
We did emergency triage. We reconstructed the trading from bank statements, till records and supplier invoices, filed the overdue Companies House accounts (avoiding strike-off) and the missing Corporation Tax returns, and registered the business for VAT with backdated registration, which crucially allowed recovery of input VAT on the venue fit-out and equipment. We negotiated a Time to Pay arrangement for the accumulated liability and got the Companies House late filing penalty reduced.