What happens If your business cannot pay its corporation tax?
Are you a business owner struggling to survive?
If you owe your corporation tax and cannot pay, HM Revenue and Customs will write to you asking you to pay.
As the company director, it is your responsibility to ensure that corporation tax is paid or reported on to HMRC. If you fail to pay there could be consequences such as compulsory closure of your business.
Not being able to pay your corporation tax is stressful but there are ways that you can turn your business around and make it profitable again.
Tony Messer, is an experienced investor and a business turnaround expert that he can help your business get back on track.
If you are looking to sell your business or need a business turnaround expert get in touch.