The tax office has been granted significant powers to pursue businesses that have fallen into arrears with taxes such as Pay As You Earn (PAYE), National Insurance Contributions (NIC), Corporation Tax (CT) and Customs & Excise for VAT. Not only that, but HMRC has been quite relentless in recent years in its approach to claw back money it is owed. This means it is essential to deal with the situation as soon as a problem becomes apparent, as allowing it to continue could have severe effects on your company.
Inquesta understands that if you are in arrears with HMRC, you may find it difficult to seek help. However, swift and decisive action will provide you with much-needed breathing space and allow you to get on with the important task of running your business. This is where seeking professional advice is key. Not only will the advisor provide a buffer between you and the tax office, but they will also enter into negotiations on your behalf and be on hand to provide essential advice whenever you need it.
When dealing with HMRC arrears, there will often be several potential options that are available. However, since no two cases are alike, what works for one company may not necessarily have the same effect for you. A specialist tax debt solutions provider such as ourselves is able to analyse your current situation and provide a detailed action plan that sets out your potential courses of action and recommends a solution that will suit your individual circumstances and requirements.