Struggling with HMRC debts? Learn your options, understand Time to Pay arrangements, and get expert help to resolve your tax problems.
Understanding the different types of HMRC debts is crucial. Each has different implications and resolution options.
Income Tax and National Insurance contributions deducted from employee wages. One of HMRC's highest priorities.
Preferential debt in insolvency
VAT collected on sales but not yet paid to HMRC. Can accumulate quickly during cash flow problems.
Preferential debt in insolvency
Tax on company profits. Due 9 months and 1 day after your company year end.
Non-preferential unsecured debt
Construction Industry Scheme deductions. Subcontractors must register and meet strict filing requirements.
Monthly filing mandatory
Personal Income Tax liabilities for company directors. Can include Class 2 and Class 4 National Insurance.
Personal liability separate from company
Late payment penalties and interest can quickly exceed the original tax debt. Act fast to minimise costs.
Interest accrues daily
From Time to Pay arrangements to formal insolvency procedures, explore your options for resolving HMRC debts.
HMRC's official Time to Pay scheme allows you to spread tax payments over extended terms. We negotiate on your behalf to secure the best possible arrangement.
A formal agreement to pay creditors (including HMRC) a reduced amount over time. HMRC must agree to the proposal for it to be approved.
Provides immediate protection from creditor action, including HMRC enforcement. An administrator manages the company while a rescue plan is implemented.
Don't face HMRC alone. Get expert help negotiating Time to Pay arrangements and resolving your tax debts.
Every day you wait, HMRC interest and penalties increase. The sooner you act, the more money you save.
All consultations strictly confidential. We act for you, not HMRC.