Negotiating Time-to-Pay Arrangement

Posted by chatman PM | on Wed, 08/02/2012 - 14:48 2342 16 comments | report

Client recently had VAT inspection resulting in an assessment of additional VAT to pay, and needs time to pay this VAT and some CT. HMRC have asked for a proposal in writing. One of the reasons the client needs time to pay is that one of the two director-shareholders has another company that is in trouble and has had to withdraw virtually his entire DLA balance to fund it. I understand that if the other business went under, the bank would chase him for their money, and may try to take funds from the company which is my client. I also understand he can take no more money from my client company for this purpose.

Is this the sort of thing I should put in the letter with the proposal, or would it have an adverse effect?

Comments

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Try answering your own question

petersaxton | Wed, 08/02/2012 - 15:38

???

chatman | Wed, 08/02/2012 - 15:59

HMRC point of view

petersaxton | Wed, 08/02/2012 - 17:03

Thanks

chatman | Wed, 08/02/2012 - 17:54

Agree with Peter

zebaa | Wed, 08/02/2012 - 19:12

commercial logic

mr. mischief | Wed, 08/02/2012 - 19:55

Positive or negative

petersaxton | Wed, 08/02/2012 - 20:06

Just to be absolutely clear...

chatman | Wed, 08/02/2012 - 20:12

Unexpected Costs

chatman | Wed, 08/02/2012 - 20:20

Proposal only

petersaxton | Wed, 08/02/2012 - 20:20

Done

chatman | Mon, 13/02/2012 - 17:12

One idea which may have helped

pauljohnston | Tue, 14/02/2012 - 12:27

Letters to be sent by the client

chatman | Tue, 14/02/2012 - 13:15

We asked for 18 months; they've offered us a year.

chatman | Mon, 20/02/2012 - 16:22

What does the court consider in an appeal against a winding-up?

chatman | Tue, 21/02/2012 - 01:01

.

chatman | Thu, 24/05/2012 - 19:56