Paying HMRC Is No Fun

Paying HMRC is not fun. It’s a necessity but not a pleasure. However, if you want to stay in business then HMRC must be paid what is due to them.

Sometimes, no matter how much you may want to start paying HMRC, you just haven’t got the cash flow resources to do so. No matter how many threats of issuing a winding up petition HMRC may throw at you, if there’s no money then there’s no payment.

But if you want to carry on trading your company without paying HMRC then the best way would be to propose a Company Voluntary Arrangement.

A Company Voluntary Arrangement is the fastest way for directors of companies that have severe business cash flow problems, to get back in control again.  Historic debt can drag a company under and a Company Voluntary Arrangement takes care of that debt by scheduling easy repayments over a five year period.

Having easy payments to reduce the historic debt on your company can dramatically change the cash flow dynamics to enable your business to flourish. A Company Voluntary arrangement can feel like a new start but without the hassle and complication of a liquidation and phoenix restart.

Call TaxGone on 01302 815846 to discuss the benefits and downsides for your company entering a Company Voluntary Arrangement.

 

TaxGone - Company Voluntary Arrangement - CVA Specialists

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