HMRC Debt Management Services
Contact us today for free, confidential advice and practical solutions for resolving tax debt with HMRCAt Fast Insolvency, we provide tailored support to companies struggling with HMRC debts, including VAT, PAYE, Corporation Tax, and Self Assessment arrears.
Our HMRC debt management services help businesses avoid enforcement action and negotiate realistic repayment terms.
We offer affordable, expert advice and fast action to stop HMRC enforcement, reduce pressure, and protect your business.
Contact us today for free, confidential advice and practical solutions for resolving tax debt with HMRC.
What Is HMRC Debt Management?
HMRC debt management involves dealing directly with HM Revenue & Customs to resolve outstanding tax liabilities.
This may include agreeing a Time to Pay Arrangement (TTP), addressing penalties, or entering a formal insolvency process if the debt is unmanageable.
What Types of HMRC Debt Can You Help With?
We assist with all HMRC tax debts, including:
VAT
PAYE and NICs
Corporation Tax
Self Assessment Income Tax
Late payment penalties and interest
Our team works to assess your liabilities, propose solutions, and engage with HMRC on your behalf.
Can HMRC Take Legal Action for Unpaid Tax?
HMRC is one of the most aggressive UK creditors.
They can issue statutory demands, winding-up petitions, or instruct enforcement officers to seize assets if debts remain unpaid.
What Is a Time to Pay Arrangement?
A Time to Pay Arrangement (TTP) is an informal agreement with HMRC to spread your tax payments over several months, usually up to 12.
To be accepted, your business must demonstrate it is temporarily struggling in but can meet agreed repayments.
How Do I Apply for a Time to Pay Arrangement?
We contact HMRC directly on your behalf with your financial information and a realistic repayment proposal in .
Acting early improves your chances of approval and helps avoid penalties or enforcement.
What Happens If HMRC Rejects My Proposal?
If a TTP is rejected or you default, HMRC may issue a winding-up petition, resulting in compulsory liquidation in .
In this case, we may recommend a Company Voluntary Arrangement (CVA) or Creditors’ Voluntary Liquidation (CVL) to manage the situation legally.
Will HMRC Accept Reduced Payments?
HMRC is unlikely to write off debt outside of a formal insolvency procedure.
However, within a CVA in , they may agree to reduced repayments over several years as part of a legally binding agreement.
Can I Still Trade During Negotiations?
You can continue trading while negotiations are underway, but it’s critical to stop accruing additional HMRC debt and avoid missed deadlines during this time.
How Long Does It Take to Arrange a TTP?
HMRC decisions are usually made within 7–14 days in , depending on the complexity of your situation.
We fast-track proposals by preparing full financials and supporting documents before submission.
What If I’ve Already Missed Deadlines or Filed Late?
Late filings and missed deadlines reduce your chances of success.
However, we can still help repair the situation by negotiating on your behalf and presenting an honest plan for compliance.
Will HMRC Charge Penalties or Interest?
HMRC may add penalties and daily interest to unpaid tax debts.
The sooner you act, the more you can reduce these charges by entering into an agreement or resolving the debt quickly.
Can HMRC Freeze My Business Bank Account?
HMRC can request a Third Party Debt Order or freezing injunction in severe cases.
Immediate action is necessary to prevent enforcement and protect your company’s cash flow.
What If I Have a Bounce Back Loan and HMRC Debt?
If your company is unable to repay both, we’ll assess your position and recommend whether a CVA or voluntary liquidation is more appropriate.
Bounce Back Loans and HMRC debts are both treated seriously under insolvency law.
Is HMRC Debt Management Confidential?
Informal negotiations with HMRC are private.
However, if formal insolvency is required, the process becomes public via Companies House and the London Gazette.
How Much Do HMRC Debt Management Services Cost?
Our services typically cost between £750 and £2,500 in .
The cost depends on whether you need help with informal negotiation or a full insolvency process.
We offer fixed-fee support with no hidden costs.
Get Free HMRC Debt Advice Today
If HMRC is threatening legal action or you’re falling behind on tax payments, don’t wait.
Our licensed practitioners work with HMRC daily and understand how to present successful repayment proposals.
Contact Fast Insolvency now in for free, same-day advice and start resolving your HMRC debt with confidence.