lily cole_playboyconfirmed.jpgOh dear, it looks like skipping out on Cambridge to attend London Fashion Week wasn't such a good idea for Lily Cole after all.

The British model is reportedly in a spot of bother after failing to turn in a University essay on time, because she was busy partying it up at LFW. But that's not all...

According to the Guardian, she is also facing a stern talking from the tax man. It seems that her annual tax return for her company, Lily Cole Ltd, is way overdue.

"She might get away with handing in her essays late but she needs to obey our rules," says a spokesperson at the Companies House.

But it was LFW?!