Accelerated Payment Notices (APN) are being sent by the HMRC to demand that tax is paid upfront and within ninety days by anyone who has used a DOTAS scheme, counter-acted under the GAAR or received a Follower Notice in relation to a tax avoidance scheme. HMRC will refund these payments only if it’s proven to be not owed. To date, appeal grounds have been on the basis that conditions for an Accelerated Payment Notice issue have not been met by HMRC or the amount is incorrect.
Given the often large amounts involved with Accelerated Payment Notices, it can lead to company insolvency. A familiar situation to us as Licensed Insolvency Practitioners and one that we are used to managing.
As many insolvency circumstances involve HMRC debt management you can be confident in our ability to liaise with the HMRC; benefiting from our relationships and past experiences. Further, be assured for a viable company, we have the proven re-structuring and re-financing expertise needed to release funds to make an Accelerated Payment Notice payment.
Possible Accelerated Payment Notice Solutions
HMRC Time To Pay | Company Voluntary Arrangement (CVA)
It’s important to act fast with Accelerated Payment Notices; ninety days is a tight window and if you don’t pay the disputed tax amount by the date on the Accelerated Payment Notice you may also have to pay a penalty. Contact us today - 0121 201 1720.
