Paying CVA contributions on a monthly basis is the best way to deal with unsecured company debt.
If your company has a debt with HMRC of a hundred thousand pounds then isn’t it easier, for example to swap that for a repayment of £1,000 a month with no penalties or interest charges?
It’s strange but we have actually had directors tell us that they’re not going to be paying contributions and yet they have no answer as to how they can repay the debt, obviously those companies end up being wound up.
But can you believe that the very same directors will call us after their company has been wound up to grumble that they have been hard done to!
If you want to understand how paying CVA contributions could save you a huge amount of stress then call TaxGone on 01302 815846.
TaxGone - Company Voluntary Arrangement - CVA Specialists
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