Hi, I am actually a practising accountant and was more concerned from a legal point of view. They operate as a partnership (Not limited).
They are fully committed to ceasing the trade, preparing the cessation accounts, submitting any outstanding tax returns (both for the partnership and personally). The issue is if one partner wishes to pay the revenue and the other does not, can the partner that wishes to pay them do anything about this? I.e. Can they pay their share and legally what would be the implications etc.
The fact that there is no funds in the business is the driving force to the decision to close shop. They tried and failed and they have accepted that. I don't see how that affects the question I asked as again they are aware that the business has a liability regardless if it has the money to pay that liability and as it is a partnership whereby there liability is unlimited the debts of the partnership are their responsibility but if one person has an attitude of not giving a damn and another does not is there anything a person can do about that?