UK directors legally write off millions in HMRC debt every year. If you can’t pay VAT, PAYE, or corporation tax, that’s insolvency — but it’s not the end. Through voluntary liquidation, you can close the company safely before HMRC forces action. All unsecured debts are written off — VAT, PAYE, corporation tax — and you move forward debt-free. It’s legal. It’s transparent. It’s how thousands of directors start fresh every year. | Director First
UK directors legally write off millions in HMRC debt every year. …
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Burying your head with HMRC doesn’t buy you time — it fast-tracks enforcement. Ignoring the brown envelopes or avoiding the calls only makes things worse. I’ve been there. I get it. But if you don’t talk to them, you’ll end up deep in their debt collection process — and with more HMRC officers chasing debt than ever before, silence isn’t an option. | Director First
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38 reactions · 130 comments | The sooner you get out of tax avoidance, the quicker you can get back on track. | HMRC | Facebook
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