Why the client need our help
Our client was an IT contractor who had been using Employee Benefit Trusts (“EBTs”) over a protracted period of time. HMRC had recently issued him with Accelerated Payment Notices (APNs) for in excess of £200K requesting payments on account of his tax liabilities.
How we helped
After analysing the EBT income, we set about negotiating a settlement figure with HMRC which was lower than the value of the APNs.
We succeeded in agreeing the settlement for our client and secured a time to pay agreement over a number of years, which meant that he did not need to sell his home in order to make the payments or deal with bankruptcy proceedings.