When a business has a history of persistently failing to pay its tax bills, HMRC can require them to pay a guarantee against future liabilities, which takes the form of a tax deposit or bond. This situation is likely to arise when there is a history of previous companies closing with outstanding debts owed to HMRC. Wilford Smith’s Tax Fraud Solicitors have many years’ experience in providing the highest quality legal advice for clients in their dealings with HMRC, offering a service that is exceptionally strategic and results driven.
A request for a deposit can be made in relation to many forms of tax including VAT, PAYE deductions and National Insurance contributions, made in the form of a written Notice of Requirement to make payment by a certain date. A business will be committing a criminal offence if it continues to trade without paying a security. Those who do so can find themselves the subject of court action by HMRC, with successful prosecutions resulting in fines of up to £5,000 for every transaction carried out during this period. The Criminal Defence Lawyers at Wilford Smith are able to provide sophisticated and astute legal expertise to conduct a robust defence in relation to any prosecution, ruthlessly developing a top-level strategy on your behalf as part of our highly personal and client-focused service.
Contact our Tax Fraud Defence Solicitors in Sheffield and London
Our Criminal Defence Teams are based in Sheffield and London and assist clients throughout England and Wales. Contact us today on 01709 828 044 to find out how we can help.