Do you have Tax Debt Problems?

Do you have Tax Debt Problems?

by admin

Do you have Tax Debt Problems?

Tax debt problems are a daunting issue for thousands. As HMRC escalate collection action for outstanding revenue debts, pressure is being applied to many small businesses. This causes untold worries, sleepless nights and takes you away from focusing on your business.

According to Government statistics, there are 5,200,000 small to medium enterprises operating in the UK, employing some 25,200,000 people. All of us, including larger companies, can find ourselves in a position where we are unable to pay tax on time, leaving us with tax debt problems. Many of us have sleepless nights worrying about bankruptcy or legal action, even losing our homes and business owing to being in debt, especially to HMRC.

As of March 2017 there was £13 billion outstanding to HMRC – So we are not alone!

Don’t find yourself in checkmate – the worst thing to do is ignore this matter. Tax debt problems can quickly escalate, especially if HMRC apply penalties and charges and pursue winding up or even bankruptcy action against you or your business. Your situation may not be as bad as you think but as always, time is of the essence – Seek advice from your accountant / business advisor or a 3rd party as soon as possible. If you don’t act, you increase the risk of legal action being taken against you and your business.

More than likely you will be aware that you have tax debt problems and owe HMRC either from your accountant or you may have received an arrears letter from HM Revenue and Customs showing what you owe and to what form of tax.

Many such letters are now being sent out to people just like me and you. You may not have had any earlier contact off HMRC either so a letter through the post can be a nasty surprise. Don’t ignore letters like this, HMRC will continue to pursue the debt even if you don’t hear off them for a month or so – Legal action starts quickly and escalates just as fast.

Tax debt problems can be dealt with and HMRC can offer the opportunity to individuals and businesses to pay by monthly instalments – A Time to Pay Arrangement. Should you need further advice on any tax debt problems or wish to chat more about a Time to Pay Arrangement, we are here to help you.

Quite often a quick response can help solve the situation all round and take this weight off your shoulders.

Have a look at our other blogs for further advice and helpful tips. Top Ten Tips handling HMRC.

Remember you are not on your own and there are people who can help.

Here at Tax Debts Help and Advice  we specialise in helping those that have tax debt problems and owe to HMRC. We are set up to negotiate the ‘mine field’ that is HM Revenue and Customs specifically for our clients.

If you are facing any tax debt problems then call our friendly team for a chat on 0800 448 0293. Alternatively you can visit our website and start a live chat or email

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