Security Notice Requests
If you are in arrears with VAT, PAYE, Corporation Tax or CIS payments or if you have been a director of a Limited company that has recently liquidated with HMRC debts then it is quite possible you will have received a letter from the
Fraud Investigation Service – Securities Team, based in Bootle near Liverpool.
Just getting a letter from this department frightens most people for obvious reasons. However, it is quite often not a fraud investigation.
If you have received a letter from these people it will probably be headed either:-
Warning – possible requirement for security in respect of Pay As You Earn and National Insurance Contributions
Schedule 11 paragraph 4(2)(a) of the Value Added Tax Act 1994 provides for HM revenue and Customs to require an amount of security for the payment of VAT that is or may become due
NOTICE OF REQUIREMENT TO GIVE SECUIRTY UNDER PARAGRAPH 4(2) (a) OF SCEHDULE 11 TO THE VALUE ADDED TAX ACT 1994
NOTICE OF REQUIREMENT TO GIVE SECURITY IN RESPECT OF PAY AS YOU EARN (PAYE) TAX AND NATIONAL INSURANCE CONTRIBUTIONS (NIC)
Quite often these letters will be demanding payment of a very high sum of money. Often tens of thousands of pounds.
Click on an image to enlarge an example letter
Getting any of the above letters is a very serious situation because it is one of the few HMRC requirements that if not adhered to is a criminal offence and is also one of the few times that a Director of a Limited Company could become personally liable for the sum requested without signing any personal guarantee.
These letters or notices when issued by HMRC will be sent to the Directors personally at their home addresses as well as to the Limited Company.
However, it is not all doom and gloom. We are experts at dealing with the Bootle office HMRC Fraud Investigation Service team and we have the direct lines for many of the staff there and have good relationships with them.
These requests for security or bonds can often be withdrawn by HMRC in a number of different ways and we know what these are and we know how to get this done. We cannot get the security notice request withdrawn in all cases but we can in most and if we can’t then we can discuss other options with you. If you continue trading when you have passed the deadline for a security notice request and haven’t paid it then it is a criminal offence so it is vitally important it is dealt with correctly in the correct timescales.
For a free no obligation chat to discuss how we can help please call us now (24/7) on 0800 980 2662 or 0161 825 8094. We cover the whole of the UK.