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HMRC Debts

Her Majesty's Revenue and Customs (HMRC)

Self Assessment

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Overall the problem is normally one of lack of cashflow, it could be due to lack of sales, bad debts, low margin in the business.
HMRC can put a lot of pressure and their letters can cause a lot of stress for the directors of the business.


There are a number of tools we can use to help you deal with HMRC:
1. We can look at setup a an agreement with HMRC for time to pay. We will create a cashflow forecast for the business
2. CVA - we can agree not only with HMRC but all other creditors to pay them from 1 to 5 years and reduce the total amount payable.
3. CVL – if the company cannot pay its debts, we can put the company into liquidation, which will end the company and its debts.

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