PAYE Arrears and VAT Arrears

Have you not paid the deductions of PAYE and NIC across to HM Revenue & Customs? Do you have PAYE arrears?

Well, as you will now know that is something that HMRC does not like! Basically, its tax payer’s money and HMRC the "collectors" are there to collect it.

Since January 2009 HMRC now has a fully operational central database which can spot slow payments or missed payments much more quickly than their previous system.

If your company is not paying PAYE, NIC, VAT or any other Tax on time then it is probably insolvent.

Non payment of tax is a failure to comply with the tax legislation and also signifies publicly that the company is insolvent. So, you need to act properly and deal with this serious threat to your company.

Personal Liability

Remember that if your company is insolvent you could be personally liable for the debts and arrears, if you continue to trade, whist doing nothing about the problems.

You need to seek immediate professional advice in order to prevent becoming personally liable and get professional help with your PAYE arrears.

So, act carefully, keep notes of any decisions and always write names of people you speak to at HMRC down. Take advice from experts, above all act promptly as delay may just lead to more problems for you as directors.

What are the Available Options?

We recommend that you contact a PAYE and VAT arrears professional immediately. Call Express Tax Solutions immediately on 0121 222 2422 for Free and Confidential Information.

Whatever you do make sure it is something productive and in your businesses best interest. It may not also be in your best interest to contact an Insolvency Practitioner as they are under a legal duty to act in the best interest of your creditors.