February 2nd 2023
Question I'm really worried and would like some advice please. I am the sole director of a limited company providing IT consultancy and have recently accepted a permanent job with another company star…
Question My limited company has been trading for five years, but a recent random VAT inspection was a bolt our of the blue. A month after the inspection took place we were told we owe £15,000 in add…
January 31st 2023
HMRC late payment penalties explained When running a business, it is normal for market fluctuations and external factors to result in periods of financial pressure, which sometimes means there is not …
January 28th 2023
Advice for directors facing Corporation Tax arrears When it comes to running a business in the UK, the importance of knowing how to deal with your corporation tax is essential. It is also important to…
January 27th 2023
PAYE Arrears – Advice for Company Directors PAYE stands for Pay As You Earn and refers to automatic deduction of tax from employee pay and handover of those funds to HMRC. These taxes and monies are…
August 10th 2021
HMRC reminder letter to review tax liabilities HMRC uses nudge letters to prompt taxpayers to review their tax affairs. This is with a view to closing the gap between the tax expected by HMRC, and the…
February 22nd 2021
The Time to Pay scheme, or TTP, helps businesses that are experiencing temporary financial difficulty to repay their tax arrears over a period of time, potentially up to 12 months.
January 21st 2021
The recently introduced provisions detailed in the Finance Act 2020 allow HMRC to make directors, shadow directors, and other connected individuals, jointly and severally liable for the tax liabilities of insolvent companies or LLPs in certain situations.
March 30th 2020
HMRC may issue a penalty or surcharge if you make a late tax payment, such as VAT, PAYE and Corporation Tax
March 9th 2020
If you owe tax to HMRC and have been issued with an Accelerated Payment Notice, contact Begbies Traynor on 0800 063 9221
March 3rd 2020
A VAT Security Bond provides protection to HMRC in the event of VAT non-payment, such as during insolvency
February 24th 2020
A Corporation Tax liability is outstanding tax owed to HMRC by a limited company on its annual takings
January 23rd 2020
ESC C16 which has now been withdrawn was an extra-statutory concession used until 2012 to strike off a solvent business
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