Simple Liquidation

HMRC can force a limited company into liquidation if unpaid tax debts are not resolved. VAT, PAYE, Corporation Tax, National Insurance, and CIS arrears can all lead to serious enforcement action if the company fails to pay or agree a realistic repayment plan. HMRC may issue demands, reject unaffordable Time to Pay proposals, or eventually present a winding-up petition. If the court grants the petition, the company can enter compulsory liquidation. Directors should not ignore HMRC pressure. Revie