Over the past few years HMRC have been operating a Time to Pay service for businesses who are struggling to pay their taxes on time.
Various statistics have been offered, but one that stands out is that at its height over 300,000 businesses took advantage of this scheme. These were all SME’s.
For companies with a previous exemplary record in payments to HMRC, a Time to Pay (TtP) is relatively straightforward to organise. 12 months can be obtained – we have successfully negotiated a 24 month payment plan for one client – and if you are truly confident that your cash problems are under control and can be managed once this payment plan is in place, there is no reason why you can’t organise this yourself, without the need for advisors.
However, advisors do add value in the following situations:
- Where you cannot agree the terms that you seek
- Where legal action is being threatened or undertaken
- Where an existing Time to Pay arrangement has fallen backwards
- Where other creditors are pressing and cash flow is too tight to manage
If you find yourself experiencing any of the above, please call us.
We help dozens of companies every year with exactly these types of problems. At all stages we act for you, the business owner, and in your best interests.
Below is an unsolicited comment from one of our clients.
“Our business had been re-financed but had significant historic arrears with HMRC. We reached the point where HMRC moved our case to the solicitors’ office who would then issue a winding up petition. We called Beer & Young who swung into action straight away. They were able to persuade HMRC to take an immediate step back, giving us the chance to re-submit proposals for repayment. Beer & Young managed the whole process for us and we’re delighted that they were able to negotiate workable terms for us. I recommend any business with HMRC problems to contact them. They will act immediately, clearly have an excellent reputation within HMRC and are able to deliver results. Thanks again for your help.”
AW The Director
Don’t delay – call us now on 0207 329 6886. We can talk and have a meeting with no cost or commitment.