All the claims about how HM Revenue and Customs will lend a sympathetic ear to companies in toruble took a battering recently as new research shows that HM Revenue and Customs (HMRC) is now leading the way in bringing insolvency proceedings.
In 2009/2010, more than 58 per cent of winding-up proceedings against companies were started by HMRC as compared with 43 per cent last year and HMRC’s rate of rejection for 'time to pay' agreements has doubled this year.
If you are having problems paying your debts as they fall due, contact us for advice.