HMRC Up Ante With Penalty Fines + Interest on Unpaid VAT

The Tax Office will hit businesses with penalty fines of 5% plus interest as billions in unpaid VAT is owed to HMRC.

Steep penalties will be issued to those businesses not meeting overdue VAT payments or those who do not get in touch to arrange repayment plans now the deferred payment deadline has passed.

WARNING: New powers issued to HMRC mean that Directors and members of businesses will be personally liable for debts, thus posing a huge risk to SME owners.

When introduced at the start of the pandemic, 590,000 of businesses took advantage of the VAT deferral scheme, yet only 156,500 have contacted HMRC to arrange repayment programmes.   Whilst £17.8bn has been repaid, £13bn still remains liable through monthly instalments.  HMRC is upping its ante and about to hit businesses hard!

How To Avoid These Charges…

You need to avoid these charges and risks by arranging specific SME finance or risk HMRC intending to “unleash debt management to ensure & secure” owed VAT from your business..

VAT Repayment Loans

Tailored business loans to cover your VAT repayment programme can be arranged quickly and easily – even if you’ve been refused finance before.  Tailored, short term, unsecured VAT payment loans help your SME business carefully fulfil your HMRC VAT obligations without putting your business at risk.  Arranged through an expert broker such as myself, I ensure the right finance is arranged without any impact on your credit score.

Instant Invoice Payment Options
If your main concern over making HMRC repayments is lack of cashflow due to late paying customers, then you should consider an invoice factoring facility. It advances monies on all your issued invoices, cleverly using your debtor book without any risk to your business and without the sort of security required by a traditional lender or bank. As the UK’s most popular form of alternative finance, it guarantees the robust cashflow of over 55,000 UK businesses by advancing up to 90% of your debtor book within 24hrs, with the balance paid when your customer has settled.  Your fight against late payment starts now!

I am an expert witness and UK specialist in invoice factoring (also referred to as invoice finance) and I assure you there is no-one better placed to arrange your facility than me. 

WARNING: HMRC to “unleash debt management to ensure & secure” Owing VAT
Businesses have been warned that HMRC will have “no problem unleashing the debt management unit to enforce and secure the debt” cautions John Hood, Tax Dispute Resolution Specialist, at Moore Kingston Smith.

Avoiding HMRC Penalties Is Just A Phone Call Away

That’s why it’s more important than ever to ensure your business is paying back what it owes in a manageable way, eleviating stress and worry to you as a business owner.  Call me TODAY to find a way in which to start repaying your VAT – I’ll take your call directly, on 07785 596053 or email me on carole@capitalcorporate.co.uk