VAT & CORP TAX

Hi all
I have just had to change accountants as my previous one was making some very basic errors that even I could see ( and I am not an accountant )
Unfortunately, the old accountant has now had some very serious physiological problems.
However, before that, I had moved my business to new accountant, who has discovered some very serious errors in the previous accounts.
In essence. I am up to date with PAYE, but will have a ( potentially ) serious VAT & Corp Tax liability.
The new accountant is suggesting that I start a new company to continue my existing activities, whilst we try and sort out the mess left by the previous accountant.
He is suggesting that this may result in closing the existing business. If I do that, do I have any liability for the outstanding VAT & Corp ? My accountant says no, but you will appreciate my confidence in accountants has been seriously shaken
many thanks
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
This is UK based BTW

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

BeanSmart.com is a site by and for consumers of financial services and advice. We are not affiliated with any of the banks, financial services or software manufacturers discussed here. All logos and trade names are the property of their respective owners.

Tax and financial advice you come across on this site is freely given by your peers and professionals on their own time and out of the kindness of their hearts. We can guarantee neither accuracy of such advice nor its applicability for your situation. Simply put, you are fully responsible for the results of using information from this site in real life situations.