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How to deal with arrears of VAT, PAYE and Corporation tax

When businesses are hassled to pay creditors it is often HMRC that are overlooked and arrears build up, even though HMRC are actually most likely to issue a winding up order or bring in the bailiffs.

Once a business misses a few payments to HMRC arrears soon build up to an unafforable sum, fast escalating to huge penalty fees.

For this reason it is important to address the issue as soon as possible. Read the full article on our sister site to find out how to tackle arrears with HMRC for VAT, PAYE or Corporation tax. Discover what a Time to Pay arrangement is and how you can stagger payments to HMRC provided you meet their criteria.

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