Late Payment Behind £2.5bn VAT Arrears
Posted on 2 November 2015
According to an article in Insolvency News, a lender claims that UK Businesses now owe almost £2.6bn to HMRC in overdue VAT this being despite an improving economy.
The lender claims that one of the biggest drivers of VAT arrears is late payment experienced by SME's since the credit crunch.
Read the article here.
If your business is struggling with cash flow issues and is unable to meet VAT liabilities as they fall due then speak to our Licensed Insolvency Practitioner at our Bristol office.
Byrne Associates supported Littlefuse Inc with the solvent liquidation of its UK subsidiary. All matters were handled in a professional manner, including dealing with tax authorities, creditors and directors. I would be happy to recommend this family run firm of licensed Insolvency PractitionersAlan Phillips (Littlefuse Inc )
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