Problems with HMRC
Failure to meet VAT or PAYE tax payments is often the first warning sign to HMRC that a business is insolvent. Therefore, they take the matter extremely seriously and are highly unlikely to be sympathetic towards any reasons or excuses for failing tax obligations. HMRC will be alerted immediately should your company fail to make payments and a great deal of scrutiny will be generated around your company affairs.
Therefore it is vitally important that you are prepared as possible and perhaps seek the help of a professional. If you act early enough with the right help, you may be able to negotiate a deadline extension in some certain circumstances.
HMRC Help and Advice
If your business is experiencing issues with VAT and PAYE tax payments, you must be aware that HMRC will often act aggressively to recover funds and may employ the services of a debt collector. This is a very serious situation leading to many company directors thinking they have no option but the close their businesses. This is far from the truth however, as there are many other options available to you depending on your situation.
Irrespective of the outcome, seeking professional and expert advice can help make your journey through this situation smoother and easier to understand. So if you’re struggling with tax issues and HMRC duty, get in touch with the team here at Clarke Bell today. If you simply wish to know what your options are, talk to one of our insolvency practitioners today for confidential advice and support.
You may be experiencing tax issues right now or you may simply expect them on the horizon; either way it is vitally important that you act fast. Assess your options, prepare a correct plan of action and seek professional advice as early as you can. By doing so, you may alleviate any further penalties and/or accusations surrounding wrongful trading allegations. Clarke Bell can mediate with HMRC on your behalf whilst helping you to reach an agreement.