November 2nd. 2021.

Small business owners say that the taxman is “taking an increasingly aggressive line” in chasing overdue tax.

According to restructuring specialist Begbies Traynor, many directors of small and medium-sized businesses say that HMRC is being particularly tough on those who have defaulted on Time-to-Pay tax arrangements.

Ric Traynor, executive chairman of Begbies Traynor, said: “Many directors say that HMRC is taking an increasingly aggressive line in chasing debts, particularly those who have defaulted on time-to-pay arrangements.”

However, HMRC told SmallBusiness: “HMRC is taking an understanding and supportive approach to dealing with those who have tax debts, and wants to work with businesses to find the best possible solution, based on their specific financial circumstances.

“If someone in a Time to Pay arrangement misses a payment, HMRC will contact them to find out why. Where possible, HMRC will restore the payment arrangement or renegotiate it with them.”

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