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Tax & VAT Arrears

Mr & Mrs Cole, Hemel Hempstead

"The deal you agreed with the Inland Revenue saved the firm. We have been able to move on and with new clients on the books the future is much brighter."

It is easy to get behind with your tax & VAT payments. Most businesses prioritise their trade creditors, as they deal with them on a regular basis and they are central to the smooth running of the business.

HMRC require payments much further down the line, so it is easy not to make provision for these payments. This is even more common in a recession when companies dip in to these funds to relieve cash flow problems.

Whilst the Inland Revenue may take some time to catch up with you, when they do the consequences can be very severe. HMRC have the right to take your goods without a court order and can instruct bailiffs to visit your premises if a field officer has confirmed you have assets worth seizing.

This process (known as “Distraint”) can be extremely stressful so if you have received a demand for payment or are worried about your tax debts then it is essential you act quickly.

If you can’t pay your corporation tax or are struggling with VAT arrears then you need free advice from a company that deals with HMRC on a daily basis. We can negotiate with them and prove your company has a future and should not be wound up.

Where it is clear that all parties will benefit from the business continuing then a Time to Pay (TTP) arrangement can be agreed that will give you breathing space and allow you to continue trading.

Of course sometimes a company may no longer be viable and the best option may be to simply close it down and walk away. If this is the case we can help write off your tax debts and ensure you avoid personal liability.

We understand how daunting it can be to deal with HMRC and can take care of everything on your behalf. At the Insolvency Practice we have a dedicated tax arrears team who are waiting to take your call on 0800 014 1486.

Alternatively why not complete our free 60 second test and find out how to solve your tax problems:

Do you qualify? Try our free 60 second test & find out!



Case Study 1 – Security Services Company


Contracts had not been costed properly and the accounting system was non existent. The company was leaking money and when we scratched the surface it was clear that large debts had built up.


Case Study 2 – Builder


The downturn in the housing market saw a major change in fortunes for this company. Contracts disappeared and existing projects were scaled back. Having taken on employees and bought additional equipment during the housing boom this left the business in an impossible situation.


Case Study 3 – Florist


Like most businesses this limited company saw a fall in sales as the recession took hold. Flowers were seen as a luxury item and with money tight customers dried up. The bigger wedding and corporate buyers also began to spend less.