Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Thursday, 5 May 2011

Voluntary Arrangement Service and CVA's

We keep getting asked the question "How come the HMRC will accept a CVA but will not accept our proposed Time to Pay proposal?

The reasons are set out in our page on the Voluntary Arrangement Service and CVAs.  Essentially HMRC Enforcement are tasked with collecting 100% of the debt.  If this is not achievable then it gets passed to a completely different department - The Voluntary Arrangement Service or VAS.

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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