HMRC Debt: Help and Advice for Businesses

If your business has problems paying VAT, PAYE or other tax obligations, you should act quickly. Our expert team can advise you on suitable ways to resolve this situation.

How We Can Help

✓ Worried about overdue PAYE and VAT? We can guide you to a solution

✓ Gain support to negotiate with HMRC and potentially avoid late payment fees

✓ Learn whether a Time to Pay Arrangement could help your business pay off tax debt

✓ Reduce pressure from HMRC, remove stress and focus on recovering your business


As the UK’s tax authority, HM Revenue and Customs is one of the largest creditors in the country. It is common for businesses to struggle when paying the taxes they owe, and this happens for a variety of reasons. It may be the result of cash flow problems, an error in calculating tax liabilities, or any number of other reasons, but if your business is struggling to meet its PAYE, VAT or Corporation Tax obligations in full, you must act quickly.

At Company Insolvency Advice, our team has many years of combined experience in supporting businesses through HMRC debt challenges. There are several mechanisms that can help companies to pay off their debts and support their financial recovery, and by confidentially discussing your circumstances and understanding your business’ financial situation, we can advise you on the best path forward.

When businesses fall behind on tax payments or cannot pay at all, they may incur fines, accrue interest and even face legal consequences in the most serious cases. This can make your financial situation worse and lead to HMRC putting pressure on you, but much of this can often be avoided if you take action urgently.

Therefore, it is important to contact us as soon as you are aware that there is a problem to have the best chance of saving your company from its tax debts. Call us today on 0800 999 0666, or use our online enquiry form to request a call back.

Get in touch today


There are a number of options that can help a business that is struggling to meet its tax obligations. Certain corporate debt solutions may be more suitable than others depending on your circumstances, so it is best to get in touch with us to discuss your financial position and receive practical advice on how you can proceed. This will help you to plan the way forward for your business.

Time to Pay Arrangements

If you owe money to HMRC, you may be able to secure a Time To Pay Arrangement. This allows businesses to pay their debts in instalments over an agreed period of time, and is often suitable for organisations that have temporary cash flow problems, but are still fundamentally viable.

A business must propose payment terms to HMRC in its application for a Time to Pay Arrangement, and demonstrate to the tax authority that it has the ability to pay within the established time frame. It is important to seek expert support when making a proposal to have the best chance of securing the agreement. Thanks to our experience and our excellent relationship with HMRC, we can support your proposal, reduce pressure and help you pay your tax debt.

Business Finance

There are a number of business finance options that can help to release funds from your organisation and enable you to pay taxes on time. For example, with invoice factoring, a third party will pay you a percentage of the value of your outstanding invoices, and then collect the payments from your customers. If your business is experiencing cash flow challenges due to lengthy invoice payment terms, this may be a viable solution.

Other options include asset financing, which allows you to borrow money that is secured against the value of company assets like machinery or property.

The viability of any business finance mechanisms depends on your business’ individual circumstances, so you should speak to us about which course of action is most suitable for you.

Company Voluntary Arrangements

A Company Voluntary Arrangement (CVA) is an agreement between your company and its creditors (including suppliers, banks, HMRC and other institutions) that allows you to pay off business debts over a period of time while your company continues trading. You must apply through an insolvency practitioner, who will negotiate the agreement and encourage creditors and company directors to agree to fair payment terms.

CVAs can relieve HMRC pressure, lower monthly payments and centralise your debt, which can improve cash flow and allow your company time to recover. As with any company rescue solutions, it is important to act as soon as you notice a problem to ensure that you have as many other options available as possible.

Company Administration

If you have not worked proactively with creditors to negotiate terms and resolve your organisation’s debts, company administration may be the best possible option to rescue your business. We will only advise this path in the most serious cases – for example, if HMRC or other creditors are looking to close down your company to recover the money you owe.

In administration, you appoint an insolvency practitioner to take control of your company. They will make decisions with the aims of recovering the business and paying off outstanding debts. This may involve a continuation of trading, a sale of assets, a company restructure, or a sale of all or part of the company to a new owner.

While this route can relieve the stress and pressure of managing a tough financial situation, handing over control of your company is never the ideal outcome. It is always best to seek advice as soon as you can, because other company rescue options may be available. We will always explain every option to help you understand the decisions you need to make and choose the most viable path to recovery for your company.

Pre-Pack Administration Sale

If the business is unlikely to recover, a pre-pack administration sale of the business may be the best course of action. The company is put into administration and then immediately sold (along with its assets) to a third party according to a prior arrangement. This means that the business is transferred seamlessly: it can continue trading, uphold contracts, protect jobs and recover from financial difficulties.

Under certain circumstances, current company directors can purchase the business under a newly established company, but it is important to seek expert guidance to understand your options before pursuing any company rescue procedures.


The team at Company Insolvency Advice has years of experience in dealing with HMRC and guiding companies to help resolve their tax debt problems. By supporting many organisations to recover from financial challenges, we have gained a thorough understanding of the company rescue procedures that are available and when they apply. This means we can discuss your circumstances in confidence and provide practical advice tailored to your needs to give you the best possible chance to recover your business.

The key is to act fast and get in touch as soon as you notice that your business has a problem with HMRC tax debt. Help and support from our expert team can guide you towards recovering your company, and the sooner you contact us, the more options may be available. Don’t suffer under pressure from creditors or the stress of HMRC Field Force visits – act now to resolve your business debts and move forward.

Call us today on 0800 999 0666, or use our online enquiry form to request a call back, and learn how we can help with tax debts and liabilities.


Company Insolvency Advice

Company Insolvency Advice is a leading business rescue, corporate restructuring and insolvency specialists, with years of experience in providing corporate debt solutions. We understand the daily pressure you are under as a director and our team of expert consultants cover the whole of the country in order to discuss debt solutions with company directors.


We cover the whole of the UK

From our office in the North West of England, we provide a national advice service to the whole of England, Scotland and Wales. We aim to offer tailored, high quality service of local business advisors, with the experience, knowledge and support of a huge, national organisation.


Why clients choose us

  • Communication

Good communication holds the key to any financial advice for businesses and our remit is to provide clear and accurate debt advice.

  • Experience

Our staff have many years’ experience in dealing with ever-expanding creditor pressure and economic issues that affect companies.

  • Reputation

Company Insolvency Advice prides itself on the reputation it has built up over the years in assisting company directors resolve various financial issues.

“Extremely helpful and very professional service. Knowledgeable and very approachable. Would highly recommend!!”

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