If you are unable to pay corporation tax then just remember this. There was a time when Richard Branson didn’t want to pay his taxes in his record business.
But not wanting to and not being able to are two different things. Happy Birthday Richard, may all your offshore tax breaks bring you Health, Wealth and Happiness.
For those companies that are registered in the UK and keep their profits in good old Blighty, then there will be a price to pay on your profits in the form of Corporation tax. So while you search for an Amazon book using Google on your Apple ipad in Starbucks, don’t feel down and miserable, cheer up!
Just because you are unable to pay corporation tax doesn’t mean that you are a failure. No, certainly not! Your a Winner!
You have not been tinkering with an offshore tax haven, you have been trying to make a small business successful in an anti-small business environment where the “Haves” are unemployed and the “Have-nots” are the employers. Strange how the consecutive Governments believe that this set up will continue to work.
In today’s business environment every director needs to use every tool at their disposal. Being unable to pay corporation tax can be a trigger for reviewing the whole of your liabilities. It is likely that if you are unable to pay your Corporation tax then payments for your PAYE and VAT might also be up in the air.
There is a Government scheme available that allows you to place all of to your HMRC debts into an arrangement so that your cash flow can be stabilised. Instead of worrying that you are unable to pay your corporation tax, call TaxGone on 01302 815846 – we’ll take the worry out of the problem.
TaxGone - Company Voluntary Arrangement - CVA Specialists
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