HMRC Arrears

Even successful businesses can have issues and struggles with paying their crown liabilities and as a result become under pressure from HMRC.

The most common of which are with your VAT, PAYE or corporation tax which due to cashflow pressure you are unable to settle in full.

Any kind of arrears to HMRC are serious and should be dealt with as soon as possible to prevent the situation becoming more serious and HMRC issuing you with a statutory demand followed by a winding up petition.

Our HMRC arrears expertise

At Freeths our team of expert lawyers have lots of experience in negotiating with HMRC and can draw on support from our expert tax & litigation teams, as well as our wider business rescue network to further assist in:

• Raising finance in order to settle these and any other debts
• Organising the negotiation of a time to pay arrangement or CVA proposal
• Advise you as to your personal position if the arrears relate to national insurance contributions

However sometimes even after carrying out the steps above the issues are too severe and a director may have to consider taking advice from a business rescue expert.