It is very important for a company director to pay HMRC as they often refer to themselves as an unwilling creditor. Once upon a time you felt that you had to pay HMRC as they had a preference over trade creditors and so were slightly more relaxed about being owed money, as they got paid first.
Although HMRC are getting far more “active” they have a good healthy record in accepting Company Voluntary Arrangements when directors are unable to pay HMRC and other trade creditors.
A Company Voluntary Agreement is the most dynamic insolvency procedure that has ever been put into law – also known legally as a Company Voluntary Arrangement.
When a company can not pay HMRC or its other unsecured debts but has a good prospect of keeping the sales rolling in, then there is no better way of trading on than with a Company Voluntary Agreement – saving businesses and jobs since 1986.
Talk to TaxGone today about your insolvency options on: 01302 815 846.
TaxGone - Company Voluntary Arrangement - CVA Specialists
from TaxGone http://ift.tt/1Q7yPgY
via IFTTT
No comments:
Post a Comment