PKF Littlejohn Advisory launches specialist support for tax arrears

Core Viewpoint - PKF Littlejohn Advisory has launched a new service to assist businesses with tax arrears, focusing on negotiating repayment plans under HMRC's 'Time to Pay' regime [1][4]. Group 1: Service Overview - The new service is designed for organizations struggling to meet tax obligations, providing dedicated support for negotiating realistic repayment plans [1]. - The firm's team will manage the Time to Pay process, assessing various tax debts including VAT, National Insurance, PAYE, and Corporation Tax, while also reviewing future trading prospects [2][5]. Group 2: Operational Management - The service will be operated from PKF Littlejohn's Manchester office, which has recently expanded with the addition of four senior staff members [3]. - The new partners and director bring prior experience from the Government Small Business Service's "Company Rescue Pilot Scheme," which influenced the development of the Time to Pay initiative [3]. Group 3: Expert Insights - Advisory and Restructuring Partner Paul Reeves emphasized that the Time to Pay solution can help businesses restructure and secure their future [4]. - The firm will not only negotiate repayment frameworks but will also conduct a comprehensive review of a business's total tax indebtedness and trading performance to facilitate manageable payments to HMRC [5][6]. - Mike Lee noted that the Time to Pay initiative could alleviate immediate pressure on companies while ensuring future compliance and full repayment to HMRC [6].