What You Should Do If You Can Not Pay Your Company or Business Taxes

In the UK many SME businesses and companies finish preparing their accounts and realise they have large HMRC tax debt liabilities, that they can't afford to pay. The sudden realisation that a business can't afford to pay its taxes can make a business owner or director feel uneasy, but don't worry, there are some actions you can take to remedy the situation. Please call us or apply online what you should do if you can not pay your company or business taxes.

Paying the taxes your business or company owe is very important, so it is vital that you explore all of your options before panicking .We are able to help your business consider how realistic it is for you to pay your taxes and what options are available to you.

  • Your goal should be to pay the IRS as soon as possible.
  • Installment plan are available when you can't pay in full.
  • If you are not sure that the amount's correct
  • You could also check that you haven't used incorrect figures in your return - if you have, your bill will be based on those figures. You will need to submit the correct figures to have the bill amended.

If your business or company can't find the money to pay the tax debt and you can't even get on payment plan, what are your options?

  • Company Voluntary Arrangement
  • Cash Flow Finance & Loans
  • Administration
  • Trading Out
  • Time to Pay VAT Programme
  • Time to Pay VAT PAYE Programme
  • Receivership
  • Voluntary Liquidation
  • Compulsory Liquidation
  • Company Voluntary Dissolution
  • Company and business options

Whether you owe 100 or 10,000, the first thing you should do is try to find possible sources to get advice. Please call us or apply online for advice on what you should do if you can not pay your company or business taxes.