Yes you can. In fact, a large percentage of the cases we handle involve tax or VAT, sometimes both. One of the reasons for this is that HMRC is remarkably inflexible when it comes to payment plans, which need to be wrapped up within a 12 month period.
Depending on the case, this could mean a monthly commitment of £2000 – £3000 and most companies / self employed simply cannot sustain the payments. We think the Government is missing a trick here as surely it is better to recover the money over 24 – 36 months than get nothing at all. Still, it’s their call and they happily write off billions every year. No wonder our roads are in such a state.
Feel free to call us with any questions or for bankruptcy help on 01425 600129 or 07479 739139 / 07894 481175. You may also post questions on our home page.