HMRC Company Voluntary Arrangements service contributes to the support of businesses in temporary financial difficulties.
Conditions for supporting a proposal
We consider voluntary arrangements on a case-by-case basis, and will vote to support
proposals where:
- debtors are honest in their financial disclosure
- an optimised and achievable offer is made to creditors
- provision is made for payment of all future debts on time
- there are no exceptional reasons for rejection
We will not support debtors who do not allay our concerns about their proposals.
HMRC expect an optimum and achievable offer specifically for HMRC. HMRC will not
accept any Company Voluntary Arrangement where unsecured creditors are being paid whilst HMRC’s…