Time to Pay Plan

At Express Tax Solutions, we are experts in providing businesses with practical and effective tax arrears advice. The process very often involves looking in detail at your business operations and devising a tailor-made plan to help the business to get back on track.

Usually, a business or company who is facing tax arrears is in this situation as a result of underlying financial trouble and it is only by addressing these problems can future tax problems be effectively avoided.

At Express Tax Solutions, we work with you to give you the best possible tax debt advice.

Step 1 – The financial background of the company

It is essential to analyse and understand the underlying issues the business is being faced with that has caused it to become in tax arrears. Having identified the root cause, we then implement measures that will effectively resolve these issues.

Step 2 – Viability of future business operations

The next phase in tax arrears advice should be to ascertain whether there is a viable future for the business in question to continue trading. This involves looking at the current financial situation of the company and its future trading prospects.

Step 3 – Implement business turnaround plans

Express Tax Solutions will then help you to put in place a realistic and effective business turnaround plan to enable you to continue trading while meeting your historical and future tax liability.

Step 4 – Establish a realistic timescale

Express Tax Solutions will then liaise closely with HMRC to put in place a realistic timescale for the agreed repayment of tax arrears.

Step 5 – Reporting and monitoring

We prepare comprehensive reports detailing the activities that need to be undertaken and can monitor this until the effective repayment of outstanding tax arrears.

Tax Payment Plans are not however suitable for all businesses. In such cases, we are able assist the Directors of UK SMEs negotiate & implement company recovery plans. But whatever the situation for your business, we will always have a solution!

Express Tax Solutions are experts in utilising legislation under the Enterprise Act 2002 to assist businesses with company recovery and to help protect employment. The legislation allows for (subject to conditions) the recovery of a viable business and the potential to write-off unsecured debt including tax arrears, the legislation can also be used by a company to release it from onerous contractual agreements.