Our company cannot pay the Corporation Tax bill. What are my options?

There are many options available to you from a time to pay (“TTP”) arrangement to a formal insolvency. One of our licensed insolvency practitioners will be able to help you by carrying out a financial review and identifying the problems you face, and more importantly the options open to you to mitigate the impact of those problems. The first thing is to carry out the financial review and then positive steps can be taken in the implementation of a rescue/recovery plan.  

Ordinarily, in the absence of serious misconduct on the part of a director, limited liability means just that. However, if you are in any doubts about the way in which the company has been operated or money paid out we can also assist you in identifying any issues that you may face in the future, and forewarned is most certainly forearmed. Take the first positive step today and contact us to arrange an initial meeting, which won’t even cost you anything.