HM Revenue & Customs “HMRC”

Payments due in respect of VAT and corporation tax can become a liability that may not be able to be discharged as trading circumstances change due to unforeseen events, such as a loss of a major client or contract.

Prior to having recourse to a formal insolvency procedure, such as Administration or a Company Voluntary Arrangement Parker Getty can assist our clients with the following:


Time to Pay Arrangements

We will access our clients’ business and if deemed appropriate can assist with negotiating a time to pay arrangement with HMRC.


VAT Security Bond

Under certain circumstances HM Revenue & Customs may require businesses to place a deposit bond with them under the Value Added Tax Act 1994. Upon reviewing the circumstances Parker Getty can assist in negotiations with HM Revenue & Customs.

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