VAT / PAYE Arrears

Does your business need help with restructuring PAYE / VAT arrears?

Sterling Business Strategies is a specialised division of Sterling Capital Reserve Ltd, concentrating solely on restructuring PAYE / VAT arrears.

Our consultants have had many years experience in this sector and in most cases are able to arrange repayment agreements that enable the business to continue trading without crown pressure.

How does the process work?

Once you contact us, one of our consultants will meet up with you as soon as practicable in order to assess the situation. Initial meetings are free and confidential.

If you instruct us to proceed we would immediately contact the crown to agree a "moratorium". This is a period of usually 3 to 4 weeks whereby no recovery action is taken by the crown in order to allow us time to prepare and submit our report.

Our report would review the current financial position of the business and assess the future direction of the business. We would assist with the preparation of financial projections in order to formulate a reasonable repayment profile.

Although each case is different, most repayment profiles are agreed between 12 and 24 months. This is far more than most accountancy practices are able to achieve for their clients.

Once the report is finalised and agreed with you, it is submitted to the crown for their approval, which can take up to 2 weeks.

Why use Sterling?

• Our dedicated team of consultants have many years experience in this specialised area. We have a proven track record for achieving results and our reputation, independence and integrity ensures that confidentiality is maintained.

• We have "in house" accountancy experience so you do not need to involve your accountants which may add cost and slow the process down

• Our Commercial Finance brokerage can look at the current financial affairs of the business and resource additional finance to compliment the crown debt repayment

How much does it cost ?

Initial meetings and discussions are free.

There is no "standard" cost structure as all businesses are different, but most of the reports that we have done to date range between 1,500 and 10,000.

I would like to know more

If you have any further questions about the process then please take a look at our Sterling Business Strategies Ltd website - www.crowndebtreport.co.uk

Alternatively, you can complete the simple online enquiry form and one of our consultants will be in contact with you.

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