The 4R Business Recovery Blog

HMRC Tax Debt: What Happens If I Don't Pay?

Posted by Kevin on Feb 19, 2018 5:10:31 PM

Whilst HMRC would certainly prefer to get paid tax debts rather than wind up a company, they will have no hesitation in filing a winding up petition when they are less than convinced that a company can both pay any tax arrears as well as pay future liabilities as and when they fall due. HMRC will not tolerate a scenario where a company continues to trade and accrue tax liabilities, as it is effectively using tax funds as operating capital.

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Topics: HMRC Debt

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