HMRC Debts
Understanding your financial obligations is a crucial part of running a business and that is especially true when it comes to HMRC.
Nobody aims to get behind on their bills and the dreaded brown letters often bring what can be percieved as ‘bad news’. Knowing how to see past the legal jargon and understand what is being communicated to you often needs some expert advice.
How do we help you deal with HMRC debt?
Recovery Tactics
Ways in which HMRC try and collect their debts
Debt Collection Agencies
HMRC may enlist third-party debt collection agencies to reclaim outstanding debts. This procedure may entail multiple communications, and these agencies are empowered to pursue specific legal measures for debt retrieval.
Enforcement Action
HMRC can initiate enforcement action, including ‘taking control of goods’ to cover the outstanding debt. They can list company assets and sell them at auction. This action can be distressing and disruptive to normal business operations.
Legal Proceedings
In more serious cases, HMRC can instigate legal proceedings against a company. This could lead to a winding-up order and subsequent compulsory liquidation of the company. It’s important to note that in such circumstances, the conduct of directors will be scrutinised, and they could face disqualification, personal liability, or even criminal charges.
Just remember, when dealing with HMRC: Ignorance is not a valid form of defence.
Expert Knowledge