Inland Revenue Tax Collection | Unpaid Tax Advice For Small Business

Inland Revenue Tax Collection Problems.

  • Are the Inland Revenue pushing you for payment of unpaid taxes?
  • Are you not sure how to deal with them?
  • Finding it stressful being pushed to find the cash?

I can help. With over twenty years of working with small firms I have seen it all and can help no matter what the issue is.

UnPaid Income Tax or Corporation Tax, VAT or National Insurance payments can all be negotiated on your behalf.

We will take over all negotiations with the Inland Revenue allowing you to continue running your business and do our best to stop your firm being closed.

The Inland Revenue are becoming more aggressive with their Debt Collection, and are using “distraint” which means taking equipment and  vehicles in lieu of payment, of course this means that when these goods are sold at auction they will not produce anywhere near the amount required in order to settle the amounts owed.

For you this is a double whammy!

Let me help you before you get into trouble.

If you need to enter into any agreements with the Inland Revenue over the payment of funds you should get in touch today in order for us to work out a plan before it becomes a problem.

My experience with small business is extensive with over fourteen years working in a corporate environment (UK Bank) and for some of the largest UK Financial Services firms.

The report from The Telegraph outlines some of the issues.

In a clear sign of a more aggressive approach from HM Revenue & Customs, the tax authority used its powers of “distraint” on companies almost 11,000 times over the 12 months to April 2012. This compares with just 5,520 comparable cases in the previous year.

The powers allow HMRC to visit a company’s premises without warning in order to collect unpaid taxes. Companies then have five days to settle their bills or face having key assets removed and sold – all without a court order.

Leasing firm Syscap, which obtained the figures, said the taxman is now using this method to collect a broader range of outstanding bills. While typically used to tackle unpaid payroll-related taxes, Syscap said overdue corporation tax bills are increasingly being tackled through distraint.

Philip White, chief executive of Syscap, said: “If a business’s assets are seized and it can no longer fulfil
customer orders, then that could easily and quickly spell disaster.

"HMRC is unlikely to be able to auction off the assets at anything like their real value to the business, and the proceeds of the sale may not even cover the outstanding tax bill. In those circumstances the business would still face court action to recover the balance.”

Contact me today using the form below or on 0774 007 6226 in order to have a conversation in confidence.

Richard Smith

Comments or questions are welcome.

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