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Posted: Sat Apr 16, 2016 12:16 pm
by Jmartin
Hello,
Do HMRC accept IVA proposals?
Kind regards
James
Posted: Sat Apr 16, 2016 12:19 pm
by Foggy
Until recently HMRC have been very supportive of IVA's, however, recently they have taken the line of recovering unpaid tax by other means, where the prospect looks inviting.
If they are the majority creditor (over 75% by value) they can refuse the IVA, if they are not and the IVA gets accepted they are still bound by it.
Posted: Sat Apr 16, 2016 12:20 pm
by kallis3
Hi and welcome,
Yes they do but be aware they are very strict.
Have a chat with a couple of companies - Andy Davie/Vincent Bond (details under the expert link on the left hand side of the page) will give you some free advice.