3 Methods to help you deal with HMRC Tax Arrears
Every business, no matter how large or small, must interact with HMRC at some point throughout its life. Whether it’s income tax (PAYE), national insurance, or VAT arrears, you need to take care of any outstanding Her Majesty’s Revenue and Customs (HMRC) debts as soon as possible. These fall under the category of priority debts. The penalties of not paying them might be harsh and may involve legal action or the arrival of bailiffs. Here are three steps to help you deal with tax arrears. Be sure your tax bill is accurate: Verify first that HMRC is requesting the correct…