I apologize if this is in the wrong section. If it it is, could a mod kindly move it for me. Thanks
I will try to avoid a wall of text and a sob story,
and get right to the nuts and bolts of it all as i need help with my next steps
I am self employed and have been for around 5 years.
The first 2 years of this, i had no idea what i was doing,
so like an idiot, i pretty much ignored everything paper work wise/accounts wise/money wise.
I have been working for the same company for the 5 years as a sub contractor.
After the first year i spoke to an accountant who registered me as self employed etc.
This is where the problem starts,
i got letters to say that my accounts were late and that i would get £100 penalty.
I put it off and put it off being the idiot i am until the point where the numbers didn't really mean anything
other than just numbers.
The last 3 years, i've had a different accountant work everything out and submit everything on time.
Here's the second problem...I haven't paid anything.
As it stands i owe around 7-8k in tax and about 7k in fines
I've had a letter, hand delivered from HMRC that says
"Warning of enforcement action"
Type of tax:SA
Amount you owe £149**.**
It gives me a number i can ring, which i intend to do,
i just need some advice on what to do next with regards to the letter and what i can expect to happen.
I don't own a house,
i don't have any savings.
If i was to liquidate everything i own, it would come to around £6k.
Any help would be greatly appreciated
If you need any more info from me, fire away
Thanks