Unable to pay VAT

Can't Pay VAT! What Happens Next?

Struggling to pay VAT?

What happens if I can't pay my VAT bill?

When you're in jail, a good friend will be trying to bail you out. A best friend will be in the cell next to you saying, 'Damn, that was fun'.” ― Groucho Marx

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READ TIME: 12mins

Written by:

John A Waller

Director

Updated: November 21st 2021

Can’t Pay VAT! What Happens Next?

My business is behind with HMRC VAT and PAYE payments! What happens next? What about a HMRC time to pay?

It is important to contact HBG Advisory to deal with non-payment of VAT.

If you are struggling under the pressure of unpaid VAT or any other HMRC tax. As a company director, seek urgent help from a licensed Insolvency Practitioner. HMRC debts may expose you personally, and will only worsen if left. Please contact a member of our team today on 0800 612 5448 to resolve the situation.

If you fail to contact HMRC or refuse to pay.

HMRC always seeks to contact you by letter, text or visiting your premises if you or your business fail to make an agreed payment.

However, if you fail to contact HMRC or are unable to agree on an instalment plan, HMRC can:

  • Instruct a debt collection agency to collect the money;
  • collect directly from your wages tax owed; or from your wages pension;
  • Remove items you own and sell them (if you live in England, Wales or Northern Ireland);
  • Assess your bank account or build society savings to take payment (if you live in England, Wales or Northern Ireland)
  • Issue court proceedings requiring your attendance;
  • make you bankrupt;
  • close down your company if business tax.

Any costs, like auction fees, usually are added to your debt. Before taking any of these actions, HMRC will tell you and explain your rights, charges, and options.

Read more about actions HMRC can take to recover the tax.

Why can’t I pay?

HBG Advisory supports directors to clear HMRC debt and HMRC Tax debt problems.

So you have started accumulating VAT arrears, causing creditor pressure.

A company with issues paying VAT may be insolvent. So directors must react to resolve the problem.

Usually, cash flow issues are the main reason for non-payment. However, operating costs may affect cash flow, along with lagging paying debtors.

What are my can’t pay VAT options? You are therefore raising questions about your company’s cash flow or lack of it. As a director, you should ensure your company’s cash flow is in order. You therefore need to look into the problem immediately and have a plan for what to do next. So you’re resolving how the crisis came about. However, the issue could be due to slow-paying debtors or bad debt.

Changes to HMRC Status 

On the 1st December 2020, HMRC now ranks as a preferential creditor in Insolvency. They rank above floating charges often issued by banks securing loans. Therefore, affecting how banks will lend as their position is weakened exposes those who have also given personal guarantees, as they may no longer rely on their first port of call. 

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What next when you can’t pay HMRC?

Can’t pay PAYE & CORPORATION Tax also.

When companies fall in arrears with VAT, usually the same applies to the  company can’t pay PAYE to HMRC, and Corporation Tax.

If your company employs individuals, you have a duty to collect PAYE and NICs from your employees’ salary payments. The retained amount must then be paid monthly to HMRC. To not do so attracts severe penalties and possibly directors liability, since December 1st, 2020.

If you can’t pay Corporation Tax – what next? Then you may face a penalty.

Equally, the details apply, but the penalties differ.

Contacting HMRC is important!

Your first port of call when in the situation is to contact the correct departments at the HMRC. They are detailed in the top right hand corner of any HMRC communication. Always remember therefore to quote your reference number.

You may consider negotiating a Time to Pay with HMRC.

If you require support, please contact the team at HBG Advisory on 0800 612 5448.

Examine the causes behind your failure to pay HMRC.

I’m sure you’ve heard of the penalties for not paying your VAT or other HMRC liabilities. Then it would help if you got, you need to get to the root cause, so you don’t do it again. If you know the root cause of your problem, you may then commence a turnaround plan to resolve your cash flow issues.

If your creditors don’t pay on time, you’ll therefore have a hard time paying your bills. Then make sure you get help quickly while chasing late-paying debtors and tightening your credit policy. Remember, a sale is not a sale until paid.

But if your company spends more money than it’s making, you need to figure out whether it’s therefore viable. It is urged you to talk to a licensed insolvency practitioner who will assess your financial situation and advise you on options available to you and your limited company, ensuring your company’s creditors are protected. You may require formal negotiations with creditors of your company, considering using a ‘Company Voluntary Arrangement (CVA)‘, if your business is viable, failing which liquidation.

For further reading on HMRC debt and not being able to pay your VAT. Please read dealing with HMRC company debt.

My business can’t pay its bills?

If my business is unable to pay its bills? It probably is insolvent.

Therefore, as a company director. You should seek immediate help from Licensed Insolvency Practitioners, as found at HBG Advisory.

What to do if you can’t pay VAT?

If you cannot pay VAT due to coronavirus (COVID-19)

Failing to submit a Self Assessment payment on account due in July 2020, your payment deadline was deferred until January 31st 2021. Therefore, you do not have to contact HMRC and face paying penalties.

Remember, quote your VAT registration number at all times.

Please then ensure you contact HMRC coronavirus COVID-19 helpline if you cannot pay tax bills due to the coronavirus.

If you deferred payments due between 20 March 2020 and 30 June 2020 and still have payments to make, you should have:

  • Paid the deferred VAT in full, on or before 31 March 2021;
  • Joined the VAT deferral new payment scheme – the online service is open between 23 February 2021 and 21 June 2021;
  • Contact HMRC on telephone: 0800 024 1222 by 30 June 2021 if you need extra help.

You may, however, be charged interest or a penalty if you did, therefore not:

  • Pay the deferred VAT in full by 31 March 2021;
  • Opt in to the new payment scheme by 21 June 2021;
  • Agree to extra help pay with HMRC by 30 June 2021.

Pay your deferred VAT in full.

You should have paid your deferred VAT in full by March 31st 2021.

If paid, you do not have to contact HMRC.

I have joined the VAT deferral new payment scheme.

The VAT deferral new payment scheme was open from 23 February 2021 up to and including 21 June 2021.

If you’re on the VAT Annual Accounting Scheme or the VAT Payments on Account, you can join the scheme from 10 March 2021.

The new scheme lets you therefore:

  • Pay your deferred VAT in equal instalments, interest free;
  • Choose numbers of instalments, from 2 to 11 (depending on when you join).

How do I pay my VAT bill online?

Payment Methods

You can pay HMRC by Faster Payments, CHAPS or Bacs.

It may be wise to set up a standing order, so not to fall behind

HMRC Bank details as follows:

Sort codeAccount numberAccount name
08 32 0011963155HMRC VAT

Reference number

To make a payment, you will need your 9-digit VAT registration number.

Find your registration number:

  • in your VAT online account;
  • on your VAT registration certificate.

Do not put any spaces between the digits when paying your VAT bill.

Your payment may be delayed if you use the wrong reference number.

Paying VAT in Northern Ireland.

How long does it take?

Payments made by Faster Payments (online or telephone banking) usually reach HMRC on the same or next day, including weekends and bank holidays.

CHAPS payments usually reach HMRC the same working day if you pay within your bank’s processing times.

Bacs payments however, usually take 3 working days.

What if you are self-employed?

If affected by a coronavirus (COVID-19), you may claim a grant through the coronavirus covid-19 self employment Income Support Scheme.

What happens if I am unable to pay the VAT my company owes?

Options available:

1) Time to Pay arrangement with HMRC (TTP). Please read ‘Negotiating with HMRC‘ for further guidance from HBG Advisory.

2) Closure options:

3) Have an Insolvency Practitioner protect the company while trading using a company administration or Pre-Pack Administration.  This process allows the company to continue trading.

For further reading, please view VAT arrears, help advice and support.

So your business possesses tax problems. Then is your company insolvent? ACT SWIFTLY NOW.

So, then focus on collecting slow-paying debtors. Ensure you therefore note their reasons for not settling the debt. When you’re reviewing credit limits, don’t let your heart rule your decision.

Otherwise, you will not clear HMRC debt and pay the VAT bill and accumulate tax arrears.

This page contains public sector information licensed under the Open Government Licence v3.0.

Unable to pay VAT

What happens if the company can’t pay the VAT owed?

Options dealing with HMRC company debt:

1) Negotiating a time to pay with HMRC, hoping they consent to your company performing monthly payments over a twelve-month period.

2) Closure options – Choose voluntarily to rescue your company while continuing trading with a Company Voluntary Arrangement (CVA) or close your company with a Creditors’ Voluntary Liquidation (CVL). If negotiating terms fail with HMRC, consider them, avoiding winding up the company.

3) Consider entering an Administration or Pre-Pack Administration. You may then appoint an Insolvency Practitioner (IP).

4) Additional funding for your business. Review various options.

Can’t pay VAT HMRC – What should I do then?

So if your company’s problem is it’s spending more than it’s taking in? Therefore, you need to evaluate whether the business is viable and solvent?

It would be best for a director to meet with an insolvency practitioner to review the company’s financial status.

HBG Advisory evaluates your company situation and then offers to advise you on your options. Also, it may involve formal discussions with your company’s creditors.

So to resolve matters, you may need to consider:

  • a company voluntary arrangement (CVA), or
  • If your company requires closing for good, a creditors voluntary liquidation (CVL).

For further reading on the Director’s position, read ‘Can HMRC Hold Directors Liable For outstanding Tax‘.

Therefore, to deal with your company’s debt, why not meet the team at HBG Advisory, who will help you give confidential advice in the privacy of your home with a virtual meeting.

“Shed no more tears over Vat.”

Don’t be drawn to borrow money online from lenders to help pay a HMRC bill if you’re not sure you can repay it back.  These loans normally have a personal guarantee, so you can be held liable for the debt of the company! 

Examine the reasons behind your incapacity to pay VAT.

If you are unable to pay your company VAT or other tax liabilities, you must identify the cause that impedes you in payment. However, once you understand the issue, you may therefore resolve the situation in one way or another.

So perhaps your creditors fail to pay their invoices on time, leaving your short-term cash flow dry? Therefore, focus on chasing these defaulting payers and checking your current collection strategy and payment terms for the future.

However, if your business spends more money than it has earned, you need to assess whether the company is still profitable. So, act swiftly and arrange a meeting with a licensed insolvency practitioner to evaluate your company’s situation and advise on options. They may however request formal negotiations with creditors under a Company Voluntary Arrangement (CVA) or explore closure options, like a Creditor’s Voluntary Liquidation, if debt levels are abnormally high.

Unable to Pay VAT Due to Coronavirus Covid19?

If your business was unable to pay HMRC due to the Coronavirus, then your company will not however incurred a penalty. Therefore,:

  • You should have suspended VAT payments due before June 30th 2020, and paid them any time up to March 31st 2021 or
  • Further, deferred your self-assessment on account payable July 2020, until January 31st 2021.

To ensure a formal agreement, negotiating with the HMRC, and therefore establish contact with the HMRC coronavirus (COVID-19) helpline (0800 024 1222) (View Coronavirus Business Help) if your company is unable to pay due to the coronavirus pandemic. Remember, you will have to pay this over to HMRC. So ensure you therefore keep it safe.

Can You Pay VAT Late?

Under normal circumstances, the HMRC is eager to collect VAT, as it differs from other taxes. You collect tax on behalf of the HMRC, not like income tax on your income.

During the COVID19 Pandemic, however, late VAT collection has relaxed to aid companies’ cash flow. January 31st should have paid it 2021. (See above)

Being a Director and Unable to Pay VAT.

When a limited company director discovers they cannot pay VAT, this should raise red flags, as it is a clear indicator that the company is insolvent. Being unable to pay the VAT can have severe consequences for the business and its directors.

It is then that you should check your cash flow moving forward. Either negotiation needs to be started with the HMRC to bring your VAT arrears up to date, or contact a licensed insolvency practitioner for advice so that you, as a director, can carry out your fiduciary duties and protect creditors from increasing business debt.

Cash flow stems mainly from how fast debtors pay and how good the debts are. Consider the following options:

  • Get on the phone to your customer immediately;
  • Chase regularly for payment – Court help;
  • Put your customer on hold immediately;
  • Charge with late payment interest;
  • Agree to a repayment plan.

Can’t Pay VAT Arrears?

What are the consequences of my business having Vat Arrears?

When your business falls behind paying VAT and into arrears, the HMRC will therefore wish to determine the reason for the arrears. Usually, in most cases, insufficient working capital or deliberate avoidance of paying VAT.

If your business is experiencing cash flow issues and is unable to pay, do not panic. Options are available to help you, from entering administration to negotiating a time to pay arrangement with HMRC.

Don’t continue trading when unable to pay tax. Your company may be insolvent due to its VAT bill and insufficient cash. Therefore, you need immediate action to protect the company and its creditors.

HMRC’s normal response to VAT non-payment is, in most cases, to pay more attention to companies that fall behind, and if payment is overdue, to deliver the company a distraint letter requiring immediate payment of VAT arrears.

Can’t Pay VAT! What Happens Next? – HMRC VAT Payments

Paying VAT

Paying VAT as and when it falls due is essential for a business to trade solvents and avoid fines.

We detail below areas often asked from us.

Keep in regular contact with HMRC and your accountant if unclear.

Once your VAT return is submitted, you either owe or await a repayment. The simplest way to pay is by a Direct Debit.

VAT payments must be cleared funds in HMRC’s account by the payment deadline.

Telephone banking (Faster payments) offers the next day or the same day payments.

Direct Debit, BACS, debit or credit cards, and bank or building society payments take three days to clear.

What to do and when to do it?

When registered for VAT, insure you complete VAT returns, submit them, and ensure payment is made when due.

However, HMRC may require you to account for VAT monthly rather than quarterly.

Therefore, you must understand that VAT requires payment on time to avoid expensive VAT fines.

Deadlines for Filing and Paying your VAT Return?

When a business trades within its cash flow, it will submit its VAT returns quarterly or annually.

  • Pay VAT Quarterly – By submitting your VAT returns quarterly, online with HMRC, you must insure your VAT liability is paid by midnight of the one calendar month and seven days after online.
  • Paying VAT annually – If you have an Annual Accounting Scheme for VAT. You submit your VAT return annually, and are required to perform on-line payments towards your annual VAT bill. When operating the Annual Accounting Scheme, your VAT return must be filed and paid in full, two months after your annual accounting period.

Can I Pay my VAT bill In Installments?

YES. You need to arrange to pay monthly directly with HMRC. Do not however assume you can until agreed.

The HMRC may require you to account and pay monthly for VAT. Usually, this is when you have struggled to maintain payments in a previous business. It may also be that your business has often exceeded the threshold for quarterly payments.

VAT Assessments?

HM Revenue and Customs (HMRC) sends you a notice of tax assessment. You or your business have received the assessment because you have failed to send in a completed return for the quarter-end, along with any payment due.

You must then complete and forward your VAT return, and any payment due which corresponds to the assessment date, without delay.

The assessment of VAT due is too low. You must advise HMRC within 30 days. If you fail to do so, penalties apply.

If too high, you are unable to appeal. You need to complete and forward a VAT Return along with the payment.

Borrowing money is not always the answer. What if you are trading at a loss? The cost of borrowing will increase expenses and unforeseen losses. You may have to sign personal guarantees, and either expose yourself financially or increase your liability.

Tourist Sector Requesting Short Term help with VAT?

A temporary VAT cut will affect accommodation and attractions. From July 15th 2020 to January 12th 2021, the reduced (5%) VAT rate will apply to accommodation and admission to attractions across the UK. HMRC will soon publish further guidance on the scope of this support.

What is VAT?

Why and when do I register?

Value Added Tax (VAT) is a form of indirect tax, levied on businesses who trade within the UK by HMRC. It applies to a company or individual when the turnover exceeds or expects to exceed £85,000 in any 12 month trading period. Businesses must therefore be VAT registered once the threshold is reached. However, you may register voluntarily for VAT beforehand.

When registered, the business or individual must conform to VAT regulations moving forward.

Who should register? Click on HM Gov Link

VAT Bill – When does payment fall due?

VAT returns require electronic filing, usually every three months. You submit your business return within one calendar month and seven days following the end of an accounting period. The payment must be paid no later than the last seventh day of the month following month-end after quarter-end. If not, the businesses are subject to a fine.

Your quarterly VAT return shows:-

  • Net total purchases and sales
  • Sum of VAT due to be paid to HMRC
  • VAT reclaimed from HMRC.
  • VAT refund from HMRC.

How do I get out of Paying Vat?

You can’t.

The only way to avoid VAT is not to be registered, as your turnover is below the annual VAT threshold of £85,000.

Common VAT Problems?

  • Unexpected VAT Bill?

Unexpected VAT bills can cause serious financial problems for companies if they cannot pay VAT. Whether it’s a retrospective calculation by HMRC or a misunderstanding by yourself, this is something that needs to be dealt with urgently. Remember. A huge bill means high turnover. You need to investigate why you do not have the cash. Is your business viable? A high VAT suggests it is, so why have you no cash? Are hidden overheads absorbing liquidity?

If you receive a VAT estimate and can’t pay, contact the VAT and get your completed returns in, as it is the best way to resolve Negative Cash Flow issues.

If you avoid paying your Vat because you cannot pay Vat, send your completed return in and negotiate with HMRC. Receiving an estimate may only compound your problem.

  • Errors by my Accountant?

Even though an accountant manages the company’s finances, directors are responsible for ensuring that the VAT returns submitted to HMRC accurately reflect the company’s tax affairs and liabilities.

If your accountant has made a mistake? You, as a director, are responsible for the accuracy of your VAT return. So, any missed previous payments or under-payments are still your responsibility. The HMRC does not regard a mistake by the accountant as a legitimate justification for your companies’ late or non-payment HMRC VAT liabilities.

Ensure you are clear on what is happening with your VAT account at all times.

  • Forgetting to cancel Registration for VAT.

We regularly identify businesses that have forgotten to cancel VAT registration. The company may incur an unexpected VAT debt burden. If this is the case, contact the VAT helpline as soon as possible to resolve. The numbers are detailed below.

If you still have a problem, please contact the team at HBG Advisory

  • Failure to Register for VAT?

We experience this regularly. It is one of the most common mistakes made by businesses. Failure to register can cause significant business problems, and the VAT bill can increase exponentially with HMRC’s fines and penalties. If this is the case, talk to VAT and arrange a time-to-pay arrangement. If not, contact HBG Advisory.

Annual VAT Accounting.

The Annual Accounting Scheme requires you:

  • make advance payments towards your VAT bill – based on your last return (or estimated if you’re new to VAT).
  • submit 1 VAT Return a year

Since April 1st 2019, most businesses have been able to keep digital VAT records and use software to submit VAT returns.

HMRC VAT Late Payment & Arrears?

Example of a Debt Enforcement Letter chasing unpaid VAT

Surcharges?

If a company is in arrears and cannot pay the VAT, or files its VAT return late. Then HMRC often imposes surcharges. These surcharges can increase the business’s financial burden, making it harder to pay VAT and get back to a level footing. In turn, this can cause financial difficulties for the company. Again, keep talking to HMRC,

Ask for help.

Surcharges you pay to HMRC?

A surcharge is calculated as a percentage of VAT outstanding on the due date defaulted.

The surcharge rate charged increases each time your business defaults in the surcharge period.

This table, as per HMRC, details the charges your business defaults again within a surcharge period.

There is no charge with your first default.

Defaults within 12 months. Then a surcharge if annual turnover is less than £150,000.

Surcharge if yearly turnover is £150,000 or more.

2 in 12 months. No surcharge. Over £150,000. 2% (no surcharge if this is less than £400).

3 in 12 months. 2% (no surcharge if this is less than £400). Over £150,000. 5% (no surcharge if less £400.)

4 in 12 months. 5% (no surcharge if this is less than £400). Over £150,000. 10% or £30 (whichever is more).

5 in 12 months. 10% or £30 (whichever is more). Over £150,000. 15% or £30 (whichever is more).

6 or more in 12 months. 15% or £30 (whichever is more). Over £150,000. 1 5% or £30 (whichever is more).

HMRC Penalties?

The HMRC may charge you a penalty of up to:

  • 100% of any tax you may have under-stated or indeed over-claimed;
  • 30% of an assessment if the HMRC sends you one too low, and you did not advise them of the error within 30 days;
  • £400 for submitting a paper VAT Return without exemption.

Data above by OGL

Distraint and a Creditor’s Voluntary Liquidation.

When a business can’t pay VAT. HMRC may send a Distraint order letter, demanding immediate payment for sums owed. Failure to comply however, means an enforcement officer attending with a distraint order. At this point, you must protect the company; its assets and the interests of creditors. Seek immediate advice from a licensed Insolvency Practitioner, who can offer various quick solutions.

To consider a Time to Pay Scheme. HMRC then requires the following:

  • Business tax reference number;
  • Name of your business;
  • Company Number (If Limited or LLP);
  • Duly authorised contact name;
  • Full trading business address. (Accounts);
  • Telephone number & mobile;
  • Details of the outstanding tax.

Then have to explain why:

  • The business cannot bring the tax up to date;
  • What if any funds are available to pay an amount on account?
  • What actions you have taken to raise funds for the business to pay the TAX debt;
  • The time required to bring outstanding TAX up to date;
  • Consideration of past payment records. Have you had Time to Pay before?

Additional Finance 

Consider a short term loan to bring therefore working capital into your business to meet immediate cash flow requirements. However, interest charges are usually relatively high for short-term loan facilities, but maybe less than the penalty charged by HMRC.

Speak to your bank. Enquire about eligibility for an overdraft facility.

Are you using an interest-free credit card? 

HMRC charges a fee for card payment, though it is lower than penalty charges. HBG DO NOT advocate credit cards to pay other debt.

Explore short term finance. Examples are IWOCA, EZBOB, and FundingCircle for short-term financing.

VAT & When Should You Start to Worry?

When you realise you owe VAT, have not registered for VAT, or have fines for not paying VAT, you must react quickly. Therefore, contact HMRC to agree to an arrangement. You will avoid hefty fines compounding the financial burden. Remember however, the HMRC will never go away and requires resolving.

Call us today on 0800 612 5448 to arrange how we can help deal with HMRC pressures and eradicate the trouble of agonising about taxes when unable to pay the HMRC.

VAT HMRC PAYMENT HELPLINE

Contact the Business Payment Support Service (BPSS), which is a payment helpline for companies that cannot pay their VAT and are struggling to secure their subsequent payments to HMRC.

You need to call the “BPSS” at the HMRC if you can’t therefore pay in full before your payment deadline.

You can contact the “BPSS” on 0300 200 3835.

The HMRC are open:

Monday to Friday, from 8 am to 8 pm.

Saturday, from 8 am to 4 pm.

HMRC Offices around the UK

When you can’t pay VAT, View HMRC VAT Help on:

www.gov.uk/government/organisations/hm-revenue-customs/contact/vat-enquiries

Complaining to HMRC – VAT

If you wish to complain to the HMRC regarding your VAT view – COMPLAIN ABOUT HMRC

Vat deadline calculator

If you require help when you can’t pay your VAT?

Our team has extensive experience dealing with HMRC for businesses who can’t pay the VAT,

Whatever. ACT FAST!

Please call us on 0800 612 5448 for 100% confidential, free initial, no-obligation advice.

Do not struggle.

If you are unable to pay your VAT. Then consider a:

Bailiff – Enforcement Officer Visit

If you are visited by a HMRC bailiff, you must understand what they can take from your property.

Normally, HMRC is the most common creditor for business trading in the UK. If a company falls behind in making payments to any part of HMRC, this can pose a business problem. HMRC does not remove irregular missed or late payments. If they are stretched, they will send bailiffs if the situation remains unpaid or agreed.

Typically, HMRC does not instruct bailiffs at the first stage of a late or missed payment. However, HMRC will issue reminders, new payment fines and interest charges, encouraging therefore settlement early. Once this process starts, you should immediately contact HMRC (as detailed above) and arrange a solution. The longer you ignore the problem, the less likely your chances are of reaching a compromise with HMRC.

Remember, HMRC will only instruct Bailiffs as a last resort when all else has failed.

For further reading, please view bailiff powers with ltd companies.

Is it a Criminal Offence to Avoid Paying VAT to HMRC?

Making a late payment to HMRC for VAT is not a criminal offence. You need to ensure regular contact with HMRC is maintained, highlighting that they are aware of your circumstances, helping, so they do not need to escalate collection or enquiry.

Sometimes, however, when arrears reach a specific trigger point, HMRC will send a ‘Notice of Requirement to Pay a Security for VAT’. Therefore, a deposit is required, acting as a bond, to secure future debt. Security bonds have a 30-day payment term. Failure to deposit this with the HMRC is considered a criminal offence, and HMRC will instruct the court for collection.

For further reading, please view: Can HMRC hold directors liable for outstanding tax?

Every effort should be made to avoid this, and should it happen, then urgently discuss it with your accountant or HBG Advisory. 0800 612 5448.

Allowances not considered?

The VAT surcharge system for late or non-payment can cause a business to suffer significant fines/penalties for failing to account for VAT to the HMRC on the deadline date. Therefore, you must contact HMRC once you realise you cannot make the VAT payment. Then you can negotiate an agreement for an extension to settle the debt owed.

Please contact us today! We offer initial FREE advice on how we can help you ensure your struggling business moves forward with less pressure and a more secure foundation for business growth.

Lastly, show the door to tradespeople who insist on cash in hand VAT.

Call 0800 612 5448. HBG Advisory will help when you are unable to pay your VAT and remove HMRC pressure today!

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