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We recognise that viable businesses can face financial pressures whether due to short term timing issues, adverse shocks or other impacts on your cash flows. Many consider an approach to HMRC to defer their tax payments and if you, or one of your clients, are considering this course of action then consulting PKF could be ideal for you.
Our Corporate Recovery and Tax specialists look to quickly understand your position and identify the options that are available to you. This will include assessing whether ‘Time to Pay’ is a suitable course of action and working with you to ensure your proposal is both reasonable to HMRC and affordable to the business.
Is your requirement
Under £1m
Our team look to quickly understand your position and identify the options that are available to you. This will include assessing whether ‘Time to Pay’ is a suitable course of action.
We are a member of the HMRC Panel of Providers for Independent Business Reviews (IBR) however we will only conduct an IBR on your business where it is required.
We will work with you to ensure your proposal is both reasonable to HMRC and affordable to the business. The ultimate decision of HMRC is driven by their assessment of the viability of the business and its ability to re-pay.
We will work with you preparing robust forecasts to demonstrate affordability and recommend strategic changes to assure HMRC that the causes of the current difficulties have been addressed.
In cases where you believe the business is viable but has a history of failed agreements or unsuccessful approaches we may, through our more formal approach, be able to secure a successful arrangement.
Even after a proposal is agreed, the feedback we receive is that the experience of working with PKF continues to benefit your business. We provide realistic solutions and can also assist in negotiating breathing space with lenders or creditors, address underlying issues and source new or additional finance.
Our team are able to meet with you right away for a free initial consultation.
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£1m and above
From 6th April 2010 in instances where liabilities are in the region of £1m and above, it is a requirement that requests to HMRC be supported by an Independent Business Review (IBR), although the underlying principles adopted by HMRC are the same in cases of any scale.
PKF have extensive experience, understand the requirements and are a member of HMRC’s Panel of Providers for IBR work.
Our team will look to quickly understand your position and identify the options that are available to you. This will include assessing whether ‘Time to Pay’ is a suitable course of action.
We will work with you to ensure your proposal is both reasonable to HMRC and affordable to the business.
Even after a proposal is agreed, the feedback we receive is that the experience of working with PKF continues to benefit your business. We provide realistic solutions and can also assist in negotiating breathing space with lenders or creditors, address underlying issues and source new or additional finance.
Our team are able to meet with you right away for a free initial consultation.
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| Our CR&I services |
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