My husband is a sole trader and we are below the tax thresh hold.
He has been doing his own accounts for a while with no apparant problems.
However we have recived a letter from the Inland Rev. saying they are going to carry out an investigation..... we have lost most of the recipts etc., so as they have a veiw that we are guilty until proven innocent what can we do?
Also if they demand payment for the last 10yrs for example and we can't pay will we be made bankrupt?
If we are how will that affect the rest of the family ie. children me (wife) and our assets will the recievers have the power to take items belonging to the children or me ?
Would the answer be to divorce my husband and get a seperate home for myself and the children as I don't want this to upset the children?