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These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
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Notes Online Home 2015 Tax Hot Spots Practitioner Issues
Director held liable for company debts
It is incumbent on tax practitioners to understand the ramifications that can arise for company directors if a company trades while it is insolvent. This segment of the seminar notes therefore seeks to clarify a director’s duty in this regard whilst also highlighting the high level of responsibility that an individual accepts when taking on the role of a company director.
