Share this content

Are HMRC getting soft with company debts?

Are HMRC getting soft with company debts?

Didn't find your answer?

It seems to us that fewer companies are being chased for overdue tax.  We have had a few calls from potential clients who have quite considerable tax debts for VAT or PAYE and they have not been put under any real pressure by HMRC.  No seven day warning letters of winding up petitions.  We have heard of more distraint actions being taken but these are pretty pointless when the company owes £50k of PAYE..  In some cases the HMRC enforcement have actually been very pleasant on the phone which makes a change from what we were hearing 6 months ago

What are your experiences??

Replies (4)

Please login or register to join the discussion.

chips_at_mattersey
By Les Howard
03rd Sep 2012 15:55

not today!

The HMRC Bailiff arrived at a Client's premises, and wanted to distrain upon various assets. He was not aware that the Client had submitted a claim for overpaid VAT (several months ago, and which had been acknowledged by HMRC, although not agreed), which was three times the amount owed to the Department.

Until today, I think I would have agreed with ksagroup.

Thanks (0)
Replying to mydoghasfleas:
avatar
By david5541
03rd Sep 2012 16:50

you are a fall guy if its VAT council tax of PARKING FINES!

[quote=leshoward]

"The HMRC Bailiff arrived at a Client's premises, and wanted to distrain upon various assets. He was not aware that the Client had submitted a claim for overpaid VAT (several months ago, and which had been acknowledged by HMRC, although not agreed), which was three times the amount owed to the Department."

Until today, I think I would have agreed with ksagroup."

 

you are a fall guy if its VAT council tax of PARKING FINES! 

the registered office system makes it alot harder for HMRC to succeed with collecting overdue corp tax-we have quite a few clients in this box-though sometimes its coz HMRC refuse/fail to process a ct600!

 

its always GOFAS(go for this go for that) who take the liberty of picking up the phone to try and chase corp tax but they get nowhere with us just doing that

-they would have to chase the director which is a legel mess-although companies house is quite capable of it because they have company director records.

 

Thanks (0)
Replying to shaun king:
avatar
By david5541
03rd Sep 2012 17:02

overdue corp tax

[quote=david5541]

[quote=leshoward]

"The HMRC Bailiff arrived at a Client's premises, and wanted to distrain upon various assets. He was not aware that the Client had submitted a claim for overpaid VAT (several months ago, and which had been acknowledged by HMRC, although not agreed), which was three times the amount owed to the Department."

Until today, I think I would have agreed with ksagroup."

 

you are a fall guy if its VAT council tax of PARKING FINES! 

the registered office system makes it alot harder for HMRC to succeed with collecting overdue corp tax-we have quite a few clients in this box-though sometimes its coz HMRC refuse/fail to process a ct600!

 

its always GOFAS(go for this go for that) who take the liberty of picking up the phone to try and chase corp tax but they get nowhere with us just doing that

-they would have to chase the director which is a legal mess-although companies house is quite capable of it because they have company director records

Thanks (0)
avatar
By Old Greying Accountant
03rd Sep 2012 16:11

With Les

As I reported here recently, had bailiff at a client's home address threatening distraint, on a sum only a couple of months late, and half the amount of the CIS overpayment by the same client that it took HMRC in excess of 2 years to re-pay (which is part of the reason their cash-flow got screwed, the other part being debtors taking signifiantly over 90 days to short pay!)

Thanks (0)
Share this content