Paying HMRC is not fun. It’s a necessity but not a pleasure. However, if you want to stay in business then HMRC must be paid what is due to them.
Sometimes, no matter how much you may want to start paying HMRC, you just haven’t got the cash flow resources to do so. No matter how many threats of issuing a winding up petition HMRC may throw at you, if there’s no money then there’s no payment.
But if you want to carry on trading your company without paying HMRC then the best way would be to propose a Company Voluntary Arrangement.
Call TaxGone on 01302 815846 to discuss the benefits and downsides for your company entering a Company Voluntary Arrangement.