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Notice Of Distraint Issued By HMRC

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Notice of Distraint Issued By The HMRC.

The Notice of Distraint Issued by the HMRC, has been used since the Enterprise Act in 2003. HMRC  had to then concentrate its effort on chasing unpaid taxes since not being a preferential creditor.

Various methods, however, have been adopted for Collecting Debts. A “Notice of distraint“. The HMRC use more and more, putting pressure on companies to pay. So, ensure you comprehend the implications of the document.

HMRC contact:

A common perception remains that the HMRC are hostile’ (Not Physically) in their strategy for collecting overdue monies.

Before an HMRC officer visits your business premises, they send a notification by post, advising you, the tax remains overdue. Therefore, when a Bailiff or HMRC officer arrives at your business with a “Notice of Distraint“, then it can come as no surprise, as the company has had a warning in writing.

Therefore, once you receive the letter, contact the HMRC and “START TALKING.”

Your company has a Notice of Distraint Issued by the HMRC served on it.

Once in receipt of distraint, contact the HMRC immediately. They may remove it if you enter into negotiations. Do not avoid it. If you wish, seek independent advice from an independent licensed insolvency practitioner. The HMRC is determined when collecting money. Soon an HMRC distraint officer will be at your premises to take an inventory of assets. They will, if forced, sell them to pay for the Overdue Tax via a public auction.

What can I do when receiving distraint?

  • FIRSTLY: Ensure you confirm they are from HMRC. Officers should have an identity card. If in doubt constant the Revenue.
  • DISPUTED: This should be disputed in the first letter. Act swiftly. If under appeal, then they will not remove goods.
  • AGREED; Pay the demand to secure business.

However, if you have the ability to pay, but need time? Then contact HBG Advisory. Consider an insolvency rescue procedure like a company voluntary arrangement. Another option: Administration. Therefore, clearly you need clear help from an Insolvency Practitioner.

If in doubt about the future, especially during Coronavirus Covid19, we can help with a notice of liquidation or a notice of intention to appoint. Both options cease any further action or removal of goods from your premises.

Association Of Chartered Certified Accountants ACCA
Insolvency Practitioners Association CHMRCD
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