Written by: Keith Tully
Date: Tuesday 18th June, 2013
Many UK companies struggle with paying corporation tax every year, the above examples are those that have chosen to 'legally' avoid it. More often than not it is usually HMRC related arrears that affects a company's cash flow the most and can in many cases signify the end of a company if they become unmanageable. If your company has no funds to pay creditors or HMRC for corporation Tax/VAT or PAYE and you feel that you need a business rescue solution to resolve such issues becuase the company is viable then you may want to consider a CVA arrangement or a Pre Pack Administration deal for continuity of your business interests. Both of which has laws and regulations you have to adhere to that will involve your shareholders and creditors.
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