HMRC Tax Debt | VAT Tax Debt | NIC Problems | Repaying Income Tax | Tax Debt Liability

Is your UK business under pressure from the Tax Man for unpaid Tax Bills?

MCI have a unique solution for your unpaid tax obligation with the ‘UK Tax Team’. The ‘UK Tax Team’ can assist with all types of unpaid tax bills affecting businesses, companies or individuals which may include any of the following: PAYE, Self Assessment, corporation Tax, VAT, NIC, Capital Gains Tax.

We can help you with...

A Tax bill that you're struggling to pay
A historic Tax bill that you are paying is incurring interest & charges
Legal proceedings issued against you or your company for an unpaid Tax bill

The highly experienced ‘UK Tax Team’ can negotiate on your behalf with the Tax man (HM Revenue & Customs) and may be able to quickly arrange a ‘Payment Plan’ based upon a realistic monthly figure that you can afford. In doing so, they can save you and your business from paying further penalties and possible legal proceedings.

How we can help you with HMRC Tax Debts

Helping you in paying your unpaid taxes and VAT
Solving your tax problems such as self assessment
Helping you gain control of your finance and pay your tax
Preparing a payment plan for paying your tax bills
Relieving you of the struggling paper work and giving you time to run your business

The Tax Debt Problem

Anyone struggling in repaying financial liabilities will try to cut back on most expenditure. However, failure to manage this often results in the use of credit card and larger loans, these can quickly become out of control.

For many taxpayers, particularly the self-employed, a dramatic change in circumstances can cause financial difficulties, often severe. This can create a knock on effect, leaving them, not only missing payments to their credit commitments, but also to priority debts such as their mortgage. This leads to late payments of taxes.

Tax liabilities are a legal payment priority and are amongst the main debts people struggle with when a financial problem occurs. Many people find it difficult to budget when they have lost a source of income or a regular income decreases, but there is a solution.

The Solution - Working with Tax Debts And HMRC

The ‘UK Tax Team’ can assist individuals or businesses in repaying outstanding tax liabilities as well as credit commitments. By speaking to one of the ‘UK Tax Teams’ highly trained advisors and completing a brief financial questionnaire to determine your financial position then to provide the best solution from a wide variety of options to repay you tax bill or tax debt to suit your needs.

The ‘UK Tax Team’ will negotiate with HM Revenue & Customs (HMRC) on most outstanding tax liabilities. They assist with an agreeable and affordable monthly payment schedule to remove the tax worry from you.

For further information on our range of services or for a free consultation with an advisor regarding outstanding tax liabilities, please complete the online application form or call us on 01923 803994.

HMRC - Tax or VAT Debt Problems?

Struggling with a tax debt or tax debts is a financial worry many people struggle with.

Have you:

Been struggling to pay an outstanding tax liability?
Struggled to pay or repay your outstanding tax debt?
Had creditors chasing you for payments or repayment of the tax debt or debts?
Had an application for a loan to consolidate declined because you wanted to repay your tax debt?
More outgoings than income?
Not been opening your bills or worrying how to pay them

If your answer is YES to any of the above, WE could help.

The ‘UK Tax Team’ could assist you in managing your credit commitments, arrears and outstanding tax liabilities, whilst giving you complete peace of mind and helping you gain back control of your finances.

The ‘UK Tax Team’s’ specialist advisors and administrators work to assist you in financial difficulties, especially self employed or ex-self employed people struggling to pay their tax liabilities.

These days it is difficult to repay all priority debts and balancing the bills takes place. Some people are finding regular work not being so readily available and find they have to prioritise their monthly repayment bills. The ‘UK Tax Team’ will help you by reviewing your financial circumstances and offering a solution that is tailored to your requirements.

Whilst the ‘UK Tax Team’ are reviewing your tax liabilities or debts they will take into consideration other outstanding debts and see if they can assist by including those in one of their financial solution plans.

By assessing your needs the ‘UK Tax Team’ can determine which one of their plans will help you regain control of your finances. More importantly, they look to negotiate with HM Revenue & Customs wherever possible on most outstanding tax liabilities and assist you in agreeing acceptable, affordable monthly repayment instalments.

There will be no financial cost to you
You will receive consultation with a top level tax advisor
You are under no obligation
All your details will be strictly confidential

Managing Your Debts

Where a financial debt is encountered many people turn to Debt Management or Financial Solution companies to seek options & assistance.

Trying to manage paying your everyday debts can be difficult, especially when your income is reduced or lost. It’s those unexpected letters from the HM Revenue & Customs (HMRC) asking for unpaid tax due now; the feeling of despair overwhelms as your head hits the cradling of your hands.

Many people simply need a guiding hand and the ‘UK Tax Team’ pride themselves in ethical compassionate service and advice. They understand that managing debt & controlling spiralling finances can be a burden that leads to further repayment issues & problems.

It costs the government more for a person to claim benefits if they are off sick or lose an income than it does to assist people in managing their debts proactively. This assistance is even more of a priority if they are looking at bankruptcy or at their business closing.

There are many ways to repay manage your debts & there are different solutions generally available to you.

The ‘UK Tax Team’ ensures you receive practical advice and guide you through each stage of their processes by a highly trained & dedicated team of tax professionals.

The ‘UK Tax Team’ offer a range of solutions tailored to your needs, all you need to do, to take the first step, is contact us, either complete the online application forms or call us on 01923 803994

Solutions to managing and repaying your debt
Tax Management Plan

The solution to unpaid tax or tax that's in arrears is designed to assist people or businesses who are experiencing financial difficulties in the repayment of debt or debt that's in arrears and as a result, are not meeting their taxation commitments. This service is specifically for people or businesses that are unable to repay their unpaid tax. By assessing their situation and establishing that a solution is necessary the UK Tax Team proceeds with a detailed questionnaire. Many people or organisations struggle with unpaid tax liabilities, however, it is only through the course of the UK Tax Team’s assessment and questionnaire process that determines those clients that cannot pay their tax liability, arrears or debt through financial difficulties as opposed to clients that simply won't pay. The ‘UK Tax Team’ advisors have spent several years developing a tax solution and have utilised HMRC own manuals to determine what specific information is necessary to ensure that your unpaid tax debt or debts are dealt with quickly & professionally.

The ‘UK Tax Team’ will manage the tax liability for you whether it is in arrears or an outstanding tax debt by agreeing an affordable monthly repayment based around an assessment of your circumstances and existing financial situation. They will help take the burden and your struggle with HMRC paperwork away and liaise directly with HMRC, on your behalf, to discuss a suitable repayment plan that are manageable and practical to reduce your tax liability in the quickest time possible.

Understanding the UK tax system is difficult at the best of times, the ‘UK Tax Team’ highly trained staff will remove the worry and guide you through each step of the processes, helping you understand your situation better and giving you the peace of mind that a priority debt is being looked after by a team of professionals.

The ‘UK Tax Team’ appreciate that your circumstances can change, therefore, they will review your debts every 3 months to ensure that the repayment plan they have agreed with you is still correct. This information will be done in line with any time lines requested by HMRC, ensuring that your tax debt is always as up to date as possibly; based on your financial circumstances.

Financial Management Plans

With a financial management program from the ‘UK Tax Team’ you may be able to consolidate all your existing credit cards, loans and other unsecured debts by replacing them all with one single lower monthly payment, making your tax commitments easier to repay and deal with.

The ‘UK Tax Team’ financial management consultants will negotiate to lower your repayments with your creditors on your behalf.

The ‘UK Tax Team’ will review your circumstances regularly and assess all available financial solutions, helping you to manage your debts successfully.

IVA

An ‘Individual Voluntary Arrangement’ is a legal process by which you can gain protection from your unsecured creditors by entering into a legally binding repayment agreement with them, which is then supervised by a licensed Insolvency Practitioner.

This process is suited to those debtors who have a reasonably high level of disposable income but who also have very significant unsecured debt problems, usually over £15,000.

In this process of getting all your debt problems solved, you are normally required to make regular monthly repayments, usually over a 5-year period, after which any balances remaining on your debts are written off.

If you are a homeowner, you will normally be required to release any equity you have in your property by taking out a mortgage or secured loan and paying this money to your creditors.

Once your creditors have agreed an IVA, all interest and charges on your unsecured debts will be frozen.

Your supervisor in the IVA is required to review your financial situation every year and as a result, you may be required to increase your monthly contributions into the IVA.

Loan

The ‘UK Tax Team’ could help you solve your debt problems. One option that could suit you is a consolidation loan.

A consolidation loan is a single loan that is used to pay off your existing debts, leaving you with only one monthly payment. A consolidation loan could work out cheaper therefore saving on your monthly payments.

Call now to see if a consolidation loan can work for you on 01923 803994

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Trust Deeds (Scotland)

A Protected Trust Deed is a legal process available to solve your debt problems in Scotland so that you can gain protection from your creditors in much the same way as with an ‘Individual Voluntary Arrangement’ in the rest of the UK.

Repayments are normally made over a 3-year period, after which the balances on your unsecured debts are written off.

On agreement, all interest and charges on your debts are frozen.

Your protected trust deed is supervised by a licensed Insolvency Practitioner, who is responsible for all negotiations with your creditors and who is also responsible for ensuring that you keep to the terms of the Trust Deed.

Full and Final Settlement

A ‘Full and Final settlement’ is an informal arrangement with your creditors which allows you to repay a proportion of your debt in a one single sum payment. This is an ideal solution for individuals who are able to raise a sum of money, but find that after providing for their reasonable costs of living they do not have any surplus income.

Creditors are likely to accept your ‘full and final settlement’ if the ‘UK Tax Team’ can demonstrate that this offers a better financial return than bankruptcy.

Bankruptcy

Petitioning for bankruptcy is a serious matter and one that should be undertaken with skill and experience, certainly a logical sounding statement yet many people go bankrupt without seeking advice.

To assist with this, the ‘UK Tax Team’ has developed its service to provide those considering or those going bankrupt, with an extended level of assistance so that people have the best chance for a successful bankruptcy petition without any unfortunate surprises.

Repossessions & Evictions

If you are being threatened with either repossession or eviction from your property the ‘UK Tax Team’ may be able to help.

At the ‘UK Tax Team’ they offer a range of solutions tailored to your needs, all you need to do to take the first step is contact us online using our online application form or alternatively call us on 01923 803994. We can try & help you gain control over your financial situation and help you deal with your problematic debt.