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Wednesday, 5 March 2014

Can I stop HMRC bailiffs coming to the premises

The term bailiff is really the name of someone who has the power to "distrain" on your goods and possessions in order to satisfy a debt. They can be used by any creditor whose debt has been proven by the court. Landlords and HMRC also have distraint powers. In the event that HMRC want to collect taxes an officer of HMRC will arrive at your premises without warning. However they are only likely to come after a number of warning letters have been sent. In some cases they will employ a debt collection company to collect the unpaid tax. So how does the bailiff take the goods? - They can do this by taking what is termed "walking possession"

To find out more visit our page about bailiffs and distraint on businesses

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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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