Can HMRC take my house for company debt? First things first: if your company owes money to HMRC, your home is not automatically at risk. A limited company in the UK is a separate legal [...]
By Steven Wiseglass, Licensed Insolvency Practitioner, Director and Founder of Inquesta. HMRC doesn't wait. When a company is having difficulty paying HMRC, falling behind on VAT, PAYE or Corporation Tax, the letters start, then the calls, [...]
After months of speculation that had both markets and nerves shaking, Chancellor Rachel Reeves delivered her second Budget on November 26th, 2025. While the government frames this as a budget that “backs British business,” the [...]
“I have received a letter from HMRC” — If you've opened that familiar brown envelope and found an HMRC investigation letter inside, that sinking feeling in your stomach is entirely justified. As a company director, [...]
While an increase in corporation tax rates might not attract quite as much publicity as income tax rises, for example, the impact it can have on businesses can be significant. For many company owners, [...]
Published June 2022 by Steven Wiseglass. Last updated October 2026. If your limited company can't pay its corporation tax bill, you need to act quickly. HMRC takes unpaid tax seriously and has strong enforcement powers, [...]
If your limited company can't pay VAT, you need to act before HMRC does. VAT is considered a trust tax — meaning the money was never yours to keep. HMRC treats non-payment as a very [...]
For any business that has been struggling for long periods of time with little to no respite on the horizon, closing may seem like the only viable option left. However, when you have a debt [...]
The recent resumption of winding up petitions following the COVID-19 pandemic has left many businesses scrambling to shore up their finances. Unfortunately, some will find that they are unable to pay what they owe — [...]
Despite the new year bringing with it renewed optimism, the effect of the COVID-19 pandemic is still affecting businesses across the country every single day. The recent end of the government's furlough scheme has put [...]