VAT/PAYE arrears

The Government has put in place a rescue culture whereby stakeholders including HM Revenue & Customs, funders and trade suppliers can see the merits of supporting companies through difficulties where it is clear that all parties can benefit from the continuity of that business.

We have assisted the management of many hundreds of businesses enter in to time to pay arrangements with HM Revenue & Customs and trade creditors and allowed them to focus their efforts on core business issues which all ensures the financial concerns can be addressed as quickly as possible.

The Process

A step-by-step guide

When we are asked to consider the merits of submitting a proposal document for the restructuring of VAT/PAYE arrears, our tried-and-tested process is followed:

Step 1
An initial discussion is held with one or more directors of the business to establish the reasons for the current short-term trading difficulties. It is usual at this first meeting for the directors to outline the future prospects of the business and provide an indication of the current position with regard to PAYE/NI arrears.

Step 2
If appropriate, we obtain engagement from the company to act on their behalf in submitting a repayment proposal to the Crown. Our letter of engagement gives Corporate Strategies authority to contact the HM Revenue & Customs on the company's behalf. An appropriate fee is agreed between Corporate Strategies and the company (see ‘frequently asked questions').

Step 3
Corporate Strategies contacts HM Revenue & Customs to advise of their involvement and to request time to prepare a report which will support the proposed arrears re-payment plan. Contact us for copy of a sample report.

Step 4
A draft report is submitted to the company for approval/amendment prior to submission to the Crown.

Step 5
A decision is received from the Crown. Any agreement reached is strictly on the basis that the company is able to meet current tax liabilities as and when they fall due.*

* Corporate Strategies has considerable experience of dealing with arrears issues, however, the Crown will always make the final decision after taking into account all relevant factors.