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Bankruptcy · Insolvency & Dispute Resolution
HMRC pressure can escalate rapidly where tax liabilities remain unpaid. Early advice may assist businesses and directors responding to HMRC correspondence, enforcement threats, statutory demands or winding-up petitions.
HMRC pressure can escalate rapidly where tax liabilities remain unpaid. Businesses and directors often seek urgent advice following receipt of HMRC correspondence, enforcement threats, statutory demands or winding-up petitions.
In appropriate circumstances, a structured Time To Pay arrangement with HMRC may assist in stabilising matters and avoiding further escalation. Early engagement is often important.
HMRC action should generally be addressed promptly.
Time To Pay arrangements are not automatic.
Businesses should usually prepare realistic repayment proposals.
Cashflow, future viability and compliance history may become relevant.
Urgent advice may be required where winding-up petitions are threatened.
A Time To Pay arrangement is an agreement permitting payment of tax liabilities over a period of time rather than immediately in full.
HMRC will often expect clear financial information, evidence of affordability and ongoing compliance with future tax obligations.
Where liabilities remain unresolved, HMRC may consider:
Freezing or disruption of banking facilities.
Where a winding-up petition is presented and advertised, significant commercial consequences may follow.
Every business faces different commercial realities.
Advice may involve:
Although associated with London, instructions are taken nationally depending upon the circumstances involved.
Gurvir Birang is an insolvency and litigation solicitor and entrepreneur with substantial experience in complex financial disputes, insolvency matters and strategic commercial litigation.
He has been recognised as a leading individual for restructuring and insolvency by Chambers and Partners.
Yes. HMRC will generally assess each matter on its own facts and circumstances.
Yes. HMRC may present winding-up petitions where liabilities remain unresolved.
This will depend upon the circumstances, including banking arrangements, creditor pressure and any insolvency proceedings.
Urgent advice may become necessary, particularly where advertisement risks arise and leading to the closure of bank accounts.
For urgent HMRC matters, winding-up petitions or insolvency pressure affecting your business, early strategic advice may materially improve available options.
Bankruptcy, insolvency and dispute resolution information led by Gurvir Birang.
Call 0207 889 0100 for a free consultation today.
West London Law Limited does not provide reserved services to the public.
Gurvir Birang is a practising solicitor, founder, litigator and bankruptcy expert, authorised and regulated by the SRA. Gurvir Birang practices from Spencer West LLP. Spencer West LLP is authorised and regulated by the SRA.
West London Law is a trading name of West London Law Limited, registered in England and Wales (company number 06776937).
West London Law was set up in 2003 and became non-regulated in 2020 and is no longer a firm of solicitors. This website is for marketing purposes only.
Disclaimer. Information on this website does not constitute legal advice and should not be relied upon as it does not provide a complete statement of the law. Specific legal advice should be sought and tailored to your particular circumstances.