For a company that can’t pay corporation tax on time to the HMRC there are a number of options available. Our Licensed Insolvency Practitioners can help to identify the underlying reasons why you can’t pay corporation tax and with a financial review, propose the most viable route going forward.
We have plenty of experience with companies unable to pay corporation tax and a considered solution may be an informal HMRC Time To Pay arrangement to re-pay any arrears.
Other HMRC Debt Management Solutions
Pre-Insolvency Moratorium | CVA | Administration| Alternative Finance: Invoice Factoring, Asset Finance & Peer to Peer Lending.
Penalties for late HMRC corporation tax
HMRC financial penalties: late payment interest (adding to the arrears)
HMRC legal penalties: CCJ, Statutory Demand, Winding Up Petition
*Directors of limited companies should also be aware, owing corporation tax is a sign of insolvency and trading whilst insolvent can make a director(s) personally liable for company debts. Please call to discuss.
