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HMRC Debt

HMRC Debt causing your business problems?

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HMRC Debt

Everyday companies are falling into debt with HMRC and it seems like an endless cycle that many struggle to avoid and get out of. The most common issues for companies are:

Accelerated Payment Notices

An accelerated payment notice (APN) is a request from HMRC that requires you to pay an amount on account of National Insurance Contributions (NICs) or Tax. APNs are issued to individuals who pay tax. These individuals are usually involved in tax avoidance schemes disclosed under the Disclosure of Tax Avoidance Schemes (DOTAS) rules, or counter-acted under the General Anti Abuse Rule (GAAR).

Tax Arrears

Tax is the one thing no business can avoid, and it comes in many forms. Her Majesties Revenue & Customs (HMRC) are the government body that manage and collect taxes. Tax arrears covers all taxes including National Insurance Contribution (NIC), Pay As Your Earn (PAYE), Corporation Tax (CT), Capital Gains Tax (CGT) and Value Added Tax (VAT).

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