Facing
tax
arrears is a daunting obstacle to any business,
whether it be a sole trader, partnership, limited company
or corporate entity. While the removal of the Inland Revenue
as a preferred creditor under the provisions of the Enterprise
Act 2002 was intended to promote a collective approach to
insolvency and rescue. If income tax remains outstanding,
the consequences could be very serious.
If advice is not sought HMRC may apply to the magistrates'
court if arrears are £2000 or under. The court will
issue a summons. This is an order to make you attend court
for a hearing.
Tax
arrears recovery may also result in an application
to a magistrates' court for a warrant to seize belongings,
all succesful actions through the county courts against
youv will make it difficult for you to get credit in the
future.A statutory demand may be issued if arrears are more
than £750.
Enquire
now..... |
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In arranging a Time To Pay Plan we may
well be able to halt proceedings and ensure the survival
of a Business. Our aim is to help you find a solution,
work out a suitable payment plan and resolve your tax
problem or tax debt while avoiding further interest
and penalties. HMRC will nearly always
refuse any offer to pay off only part of the debt.
You will receive a free consultation and will not be
charged for your initial enquiry. These arrears will
not go away and will neither diminish unless addressed
at the ealiest opportunity by you. Resolving your tax
arrears is your opportunity to rescue your
business.
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