HMRC Gets Tough With Time To Pay & Tax Arrears

Archial called in administrators PricewaterhouseCoopers (PwC) after the taxman refused to agree to a proposal to pay its debts in monthly instalments rather than one lump sump.

Evidence if evidence where needed  hat Her Majesties Revenue and Customs are not so eager to deals under their Time To Pay program for mounting PAYE or VAT arrears as they used to be.

It is understood that Archial, which employs more than 400 staff, including about 200 architects, owes HMRC about £4m in unpaid taxes.

The group warned in August that its profits for this year would be lower as cuts in government spending caused projects to be cancelled or delayed.

It has emerged that the Aim quoted company has been negotiating with HMRC for some weeks before the tax authority issued its winding-up order.

If your Company is struggling to meet your tax liabilities or are suffering from creditor pressure please be advised that the Corporate Strategy team at Enable Finance are on hand to help, please call 0800 316 1612 or visit our business debt advice pages.