How We Can Help
If you have an outstanding tax liability that you’re struggling to pay, then there’s a good chance that we can help by providing valuable protection from “HMRC” and avoiding unnecessary legal action, i.e. County Court Judgements, Distraint (seizure of goods), Winding up Petitions for Limited Companies or Bankruptcy in the case of Self Employed, Partnerships and Businesses. We may also be able to halt any legal proceedings already issue, protecting your livelihood and the future of your business.
Our aim is to diffuse the situation between you and HMRC by preparing a comprehensive case file covering the key points required by HMRC allowing us the best possible chance of negotiating a satisfactory payment structure on your behalf which is both affordable and sustainable.
One of our experienced advisors will arrange a discreet and confidential review of your Tax Debt liabilities taking into consideration other outstanding debts and making appropriate recommendations for providing a total financial solution. Once the relevant information has been collated we will submit realistic and affordable proposals to HMRC to reduce your overall tax arrears position in the shortest practical time frame and ultimately clear your Tax Debts.
It is important to note:
- You will not be charged for an enquiry
- You will receive a free consultation
- All your details will be treated strictly confidential.
We can negotiate with HM Revenue & Customs “HMRC” on most outstanding tax liabilities including VAT, PAYE, National Insurance, Self Assessment and Corporations Tax.
What Does it Cost?
Following a free, no obligation telephone interview with one of our specialist tax debts advisors they will be able to recommend the appropriate course of action and appropriate monthly payment which should be in line you’re your affordability. Should you decide to proceed with the plan you will be requested to make the first month’s payment which will be applied to cover costs of setup and implementation of the arrangement with HMRC.
A deduction of 15% is taken from subsequent instalment payments to cover the watching brief and ongoing support the client receives from our Tax team.
Key Benefits
Essentially our Tax Payment Plans allow clients to avoid bankruptcy and continue trading. In summary the key benefits of a managed Time to Pay Plan are:
- Time to Pay Plan- providing extended payment arrangements
- Historic Tax debts where legal proceedings have commenced can often be built into a plan
- Additional Tax bills can be rolled into the plan
- Help in protecting against Enforcement and Insolvency action
- Flexible managed service, with potential to renegotiate term in line with income fluctuations
- Debt Management service means that other Priority & Non Priority Debts can be handled on one call
- Accountants Fee’s can be built into a Debt plan
Frequently Asked Questions
What is the Tax on ICE Service?
This is a service that assists Sole Traders, Partnerships, Limited Companies and Trusts who are struggling to pay their Tax bills by putting in place a ‘Time to Pay Plan’ that spreads the Tax bill over a period that the business can afford.
Are you Lenders or Accountants?
Neither, our Tax team have a nationwide relationship with the HMRC. We do not lend money, which would only serve to increase your debt, nor do we replace your accountant. Our prime function is to help with Tax bills that you cannot pay by constructing a Time to Pay Plan that fits in with your monthly budget allowing you to avoid legal proceedings from HM Revenue & Customs.
Will it affect my credit rating?
No, this is a private and confidential arrangement between HMRC and the client, we do not credit score or apply for references, nor do we leave footprints.
What is the minimum and maximum case size?
Our minimum Tax Debt that we would look to consider is £1,500, there is no maximum
What happens if I miss a payment?
Your circumstances will inevitably change and we will assess and modify the plan should this occur
What happens about further tax bills?
As part of our managed Time to Pay Plan service our Tax team will monitor your situation and carry out periodic reviews to take account of changing circumstances. Subsequent Tax Bills, might need to be incorporated into existing plans.
What happens if legal action has already commenced?
We can help with historic Tax bills that might well be the subject of legal proceedings including Enforcement Actions and Insolvency Petitions. It is never too late to contact us, we have prevented many clients from being made bankrupt, wound up or having assets seized.
How much does it cost?
The initial advice from our experienced advisors is given free of charge and there is no obligation to proceed, once we have put a proposal to you. If you are happy to proceed, then a management fee is deducted from your monthly payments and the balance forwarded to HMRC.
