For example you should click ‘No’ if:
(a) You cannot pay VAT owed and frequently fall behind with tax payments when due, and, or have any Corporation tax arrears.
(b) You have payment terms with creditors and you regularly pay beyond these terms.
(c) You owe employees salary and cannot afford PAYE/N.I. when due the following month.
Select “Yes” if:
Failure to seek insolvency help can mean the risk to a director increases dramatically and can lead to: wrongful trading; being made personally liable for company debts; director disqualification between 2-15 years and paying compensation to creditors.
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