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Looking to liquidate your business? For help call 0300 303 8284
Looking to liquidate your business?
For help call 0300 303 8284

Accelerated Payment Notice

An accelerated payment notice (APN) is a notice from HMRC demanding retribution towards tax that hasn’t been paid due to the use of a tax avoidance scheme. If you’ve used a tax avoidance scheme to try and save money for your business, you may be served an APN asking for payment to be made

Accelerated Payment Notice advice and guidance

You have 90 days in which to pay an APN, which isn’t a lot of time. Fail to pay in that window and you’ll be liable for an additional 5%, with further charges added on if you continue to be unable to pay. That’s why it’s vital you seek advice as soon as you receive an APN if you don’t think you’ll be able to repay it in full.

You can’t simply choose to avoid payment either as HMRC has Direct Recovery of Debts (DRD) access, meaning it can simply take funds directly from your bank accounts to help cover the costs. Coupled with the PR nightmare of being one of those businesses viewed as trying to avoid paying their fair share in taxes, it’s even more important to seek debt advice to help resolve an APN as quickly as possible.

Any time you receive demands for money from HMRC, especially when it’s a new advance payment like an APN, it can cause headaches with business finances and potentially lead you down the road of insolvency. Speak to our expert team to seek help on dealing with an APN today.

Contact The Insolvency Experts

To discuss any financial issue that your business may be facing, contact The Insolvency Experts online today and we’ll get back to you as soon as we can. For more information on accelerated payment notices you can also call our specialists directly on 0300 303 8284 or request a call back.

Our insolvency experts are here to help Call 0800 345 678

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Accelerated Payment Notice
michael beal