Recent news shows businesses with unpaid VAT are severely at risk of having business assets seized by HMRC.
In the last 12 months 2,401 businesses have had assets seized to pay unpaid VAT. They simply turn up and repossess assets the loss of which could be vital to their trade. These assets will probably fetch a fraction of the the true value of them when sold under stress.
VAT payments for accounting period ended 31 March 2012 must be paid by 7 May which is the Bank Holiday Monday. The ‘Time To Pay scheme’ is less likely to be allowed by HMRC.
Don’t let your business be subjected to these tactics in a tight cash flow period ask for quote, you can ask us for a free callback, phone us, email us or go to our short online form to start the process which can be handled in 48 hours giving you vital space to trade.
We understand the pressures put on small business, not helped by withdrawal of vital cash support by our banks who are risk averse.
Ashley Commercial Finance “the friend of small business” in England and Wales.
If you need help ask for a callback using the button above or contact us directly for an initial discussion:
Phone: 0161 233 6373