What Happens If I Can’t Pay VAT?

 

 

 

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What happens if your limited company cannot pay its vat? If you cannot pay your VAT there are a number of options that are available to your company HMRC are keen to help those struggling with VAT and they may be able to agree a time to pay arrangement with you.

Alternatively a formal insolvency option may be more appropriate if your total debts including your VAT are more unmanageable so in summary your options are to arrange a time to pay with HMRC which will normally be for a maximum time of 12 months a formal insolvency option such as a Company Voluntary Arrangement or a Creditors Voluntary Liquidation enter into Administration or Pre-pack Administration to rescue the business from insolvency so if you're experiencing pressure from HMRC and would like some help and some free advice please call us at Real Business Rescue or click the link below.