Hi all,
After some advice if possible:
In short, my LTD company recently had a VAT repayment of circa £3000. This was the first payment Ive had from them, and unfortunately they held my old Barclays Business bank accnt details, which was me T/A xxxx i.e a sole trader.
Also with barclays, I defaulted on a 5k business loan which is a personal liability as I was a sole trader at the time.
Basically after 2 weeks of tracking and tracing, Barclays have taken the mis-placed 3k repayment from HMRC which was meant to be for the Ltd company, and placed it against the debt I have with them, which is currently under an arrangment with one of their in-House collection departments.
SO, where do I stand. Logic tells me the payment was for a sperate legal entity, and as such these is an illegal transfer by barclays....??
Any help is greatly appreciated,
Craig
After some advice if possible:
In short, my LTD company recently had a VAT repayment of circa £3000. This was the first payment Ive had from them, and unfortunately they held my old Barclays Business bank accnt details, which was me T/A xxxx i.e a sole trader.
Also with barclays, I defaulted on a 5k business loan which is a personal liability as I was a sole trader at the time.
Basically after 2 weeks of tracking and tracing, Barclays have taken the mis-placed 3k repayment from HMRC which was meant to be for the Ltd company, and placed it against the debt I have with them, which is currently under an arrangment with one of their in-House collection departments.
SO, where do I stand. Logic tells me the payment was for a sperate legal entity, and as such these is an illegal transfer by barclays....??
Any help is greatly appreciated,
Craig
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