Personal liability notice
A formal notice that can make an individual personally liable for certain company debts in specific statutory circumstances.
Related terms
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Tax liability
The amount of tax a person or business is legally required to pay.
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Security for tax
A requirement by HMRC in certain higher-risk circumstances for a business or individual to provide security against specified future tax liabilities.
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Tax assessment
A formal calculation or determination of tax due, made by the taxpayer, HMRC or another tax authority depending on the tax and circumstances.
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