There are options available for a company that can’t pay VAT on time to the HMRC. As Licensed Insolvency Practitioners we can help to pinpoint the reasons why you can’t pay VAT and following a financial review recommend an attainable option to move forwards with.
Often for companies unable to pay VAT the solution is an informal HMRC Time To Pay arrangement. 
Other HMRC Debt Management Solutions
Pre-Insolvency Moratorium | CVA | Administration | Alternative Finance: Invoice Factoring, Asset Finance & Peer to Peer Lending.
Penalties for late HMRC VAT
HMRC financial penalties: late payment interest (adding to arrears)
HMRC legal penalties: CCJ, Statutory Demand, Winding Up Petition
*Directors of incorporated companies should also be aware that owing VAT is a symptom of insolvency and trading whilst insolvent can make them personally liable for company debt. Please call for more info.
