Worried about HMRC?

If you’re receiving HMRC enforcement letters or bailiffs are knocking on your door, then we can help.

If you’re considering closing your business as a result of your debts, there’s a good chance that HMRC is right up there at the top of the list.

And in our experience, they don’t rest easy until they get what they want.

For a company director like you, it can be scary – threatening phone calls, bailiffs turning up on the doorstep, and menacing letters; these are all part and parcel of the way HMRC can operate.

If you’re reading this, you’re likely looking for a solution, and if that’s the case, then we’ve got good news:

We may be able to help by stopping any HMRC enforcement action to give you time to understand exactly what options are available.

If you’re worried about HMRC, we should talk

Unfortunately, the reality is that as long as your company remains operational, HMRC will continue to pursue you.

This can be an incredibly stressful and overwhelming experience, especially when faced with demands for money you simply don’t have.

For you, your family, and your future, it’s an undeniably challenging time. That’s where we come in.

Our team specialises in managing HMRC issues and guiding companies through the process of closing down in the most advantageous way possible.

Time To Pay Arrangement

Covid 19 has had a huge impact on UK ltd companies being able to pay their HMRC bills on time, this included VAT, PAYE, and Corporation Tax. Businesses of all shapes and sizes across the UK are experiencing cash flow difficulties right now, and thankfully, the HMRC understands and is being very, very flexible. HMRC Time To Pay arrangements are being offered to many businesses.

Lots of small business owners seem to be scared of the HMRC and put off speaking to them until they have a HMRC bailiff at the door, this is a mistake and just adds to the stress and anxiety that you may be feeling.

If you have unpaid tax bills to HMRC and you can’t pay them then you might want to consider a Time To Pay Arrangement.

Let’s be honest here when your business struggles with cash flow lots of people will stop paying the HMRC, you don’t hear from them in what seems to be forever and then bang,  HMRC enforcement officer is on your doorstep threatening to levy goods. Thankfully, there is a solution, and it’s a relatively easy one to put in place.

So What Is a Time To Pay Arrangement?

A TTP arrangement allows you to negotiate with the HMRC to pay back your HMRC arrears over an extended period of time. Even if you have been behind on your taxes in the past, this option could still be available to help your business’s cash flow problems. If you have been late with HMRC before and had previous Time-to-pay Arrangements in place, we suggest you give us a quick call to discuss how to tackle this.

How do you do it?

Contacting HMRC can take some time, so it’s a good idea to block out a couple of hours for this job.

When you do contact HMRC for help, you will need to ensure that you have all the relevant tax reference numbers handy for the debts that you want to add to the TTP. This is crucial, as you will need to start the process again if you don’t have the correct information.

There are a few things that HMRC want to be sure of, such as:

• Is the business viable?
• Will you be able to keep up with the payment plan
• They may ask if you’ve considered taking out a loan or paying with a credit card. (If you’re wondering, the answer is simply, ‘No, I can’t raise any money.’)

Once you agree to your TTP arrangement, you must adhere to it and follow the plan.

Another positive aspect of a Time-to-Pay Arrangement is that you won’t receive any more late penalty fines, but you will accrue interest on the debt.

What if I can’t pay anything?

You’re not alone in facing these challenges. If you have HMRC arrears and no way to pay them, the best first step is to communicate with HMRC. They understand the current circumstances and are often willing to offer breathing space while things return to normal. The most important thing is to pick up the phone and let them know.

While a Time to Pay Arrangement may not always be the right solution for your company, if you’re worried about your business’s finances, don’t face it alone. Reach out for a free, independent, and no-obligation conversation.

There is support available, and we’re here to help.

Talk to us today—acting early can make all the difference.

If your business has a significant HMRC issue, it’s crucial to speak with us as soon as possible. The earlier we get involved, the better the chances of finding a solution that works for you.

Rest assured, all conversations are completely confidential. Whatever we discuss will remain private so you can feel secure in sharing your concerns.