Our Group’s reputation with HMRC is second to none, and as they become aware that a business is taking professional advice from us, they are likely to suspend collection and enforcement action to provide us with sufficient time for us to diagnose the exact problems faced by the business for us to and advise on the strategies and solutions available to resolve the matter. We know from our extensive experience that HMRC welcomes regular and considered communication, to help them understand the solutions being proposed and how they can work with those solutions to bring matters to a satisfactory resolution.

One of the solutions HMRC may consider is a Time to Pay (TTP) arrangement that gives a business the breathing space to pay off their arrears over a mutually agreed period. Our team of experts have substantial experience of assisting directors to prepare a robust and credible payment plan to demonstrate that arrears can be paid off and ensure that the business is entering into a commitment that it able to maintain. Our team can act quickly in such matters and is able to assist with your ongoing relationship with HMRC.

Inevitably, some businesses do not seek early professional advice and by the time they meet one of our experts, it is not possible to find a consensual solution, perhaps because enforcement action is at the most advanced stage of a Winding Up Petition. It is, however, still possible to find a resolution at this stage with the assistance of an insolvency process. Our team are accustomed to explaining the options available to you, which could include the preservation of a business through a voluntary arrangement with its creditors or through a rescue process such as an administration. In these instances, it is possible for a business to emerge from its difficulties and trade on, providing it is handled professionally and with transparency.