HMRC Enforcement Powers

I have a client who has undergone a VAT inspection and we are now trying to enter into a TTP arrangement but they need longer than 12 months so HMRC being very disagreeable.
I am not very knowledgeable in this area, is there anyone who would be willing to share some advice on HMRC enforcement powers? By phone call or email?
The directors are concerned that HMRC will 'come after them' personally. HMRC have already advised that unless the directors accept a 12 month agreement they will refer to an enforcement agency.
Help!
I am not very knowledgeable in this area, is there anyone who would be willing to share some advice on HMRC enforcement powers? By phone call or email?
The directors are concerned that HMRC will 'come after them' personally. HMRC have already advised that unless the directors accept a 12 month agreement they will refer to an enforcement agency.
Help!
0
Comments
HMRC start point is always hardball . you havent noted legal structure above but happy to tell you my personal experience of the process they follow. not a licenced member so will only be as a start point to your research
My client would really like 3 years, but I have never known HMRC agree to anything over 2 years. Any experiences gratefully received!
@Bmer82 typical H&W ltd. co. were trading from home but now rent a workshop space although the registered office and I believe the trading address for VAT purposes is their home which is making me a little nervous. However any company assets of any value are held at the workshop.
has the inspection resulted in further penalties or have HMRC deemed that your client acted in good faith this will impact on HMRCs stance.
I have known businesses to shut their doors due to similar situations. are the directors able to leverage commercial finance to settle HMRC and repay over their preferred period? now is the time to investigate this whilst negotiating with HMRC.
provide HMRC with as much info to bolster the case as possible it is not in their interest to drive your client out of business but unfortunately some of the foot soldiers are a bit blinded by this as they are targetted on collections within 12 months so you may have to request to speak to someone higher up
Unfortunately the directors are not in a position to take-on any form of borrowing and it is unlikely the company would be accepted for a commercial loan either. Due to the nature of the business invoice financing would not be an option, is there anything I am missing?
If the business cannot truely afford what HMRC want they have 3 options either they speak to an IP and look at insolvancy options, sell assets to raise the funds or look to see if they can raise additional equity investment.