Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA.
The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders.
Guides
What is distraint?
Creditors have the right to distraint, which is the ability to seize assets in...
I can't pay VAT or PAYE - Will HMRC give me time to pay?
What happens if we can't pay our VAT or PAYE bill to HMRC on time? What can we...
HMRC 7 Day Warning Letter of Enforcement by Distraint or a Winding Up Petition
HMRC will send a 7 day letter warning of enforcement action or a petition in the...
HMRC Notice Of Enforcement - Can I Stop The Bailiff?
Any creditor who is owed money has the power to serve a Notice of Enforcement if...
Penalties for late payment of PAYE and NIC
HMRC implement penalties for late payment of periodic PAYE /NIC from businesses.
HMRC Payment Problems - Worried Directors Guide
If you are facing problems paying HMRC taxes such as VAT, PAYE or corporation...
Are your PAYE payments to HMRC in Arrears?
PAYE is short for Pay As You Earn and is basically where the employer deducts...
Negotiating a Time to Pay with HMRC
If you are unable to pay your taxes on time, you have the option of negotiating...
The powers of HMRC Bailiffs and HMRC Enforcement Officers - Can They Enter My House?
A Bailiff, HMRC officer or an Enforcement Agent has the power to take control of...
Late Payment of VAT and Debt Management
Paying VAT late will result in a penalty, known as a "default". If your...
How to get help with VAT arrears
Is your business suffering from VAT arrears? Failure to pay VAT on time can...