Director Penalty Notices (DPN) – nasty provisions making directors personally liable for a worrying range of their company’s tax-related liabilities (check first, before agreeing to be a director)
Directors often have some understanding that they can become liable for their company’s debts – for instance for allowing a company to incur ‘unpayable’ debts. However, there are some less well understood and, arguably, nastier tax provisions, that make directors personally liable for certain of their company’s tax related liabilities. This is under the so…