Accelerated payment notices

Gain vital breathing space and let McTear Williams & Wood help you to buy time and restructure your debts in order to settle the outstanding amounts.
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Have you received an Accelerated Payment Notice ("APN")?

These demands from HMRC are often unexpected and can put your business and family into financial distress if you are not able to find the capital to meet your obligations.

Over the past few years there has been a rise in the number of tax avoidance schemes.  HMRC has used its powers to challenge the amount of tax lost to The Treasury through these schemes and is using APNs to advance receipt of £2.1bn of disputed tax.

You may have thought that you would never be liable for this tax and are struggling to find the money to meet the demand. 

This demand could create additional cashflow pressure on your business and personal life.  However, there are still many choices available to help you restructure your debt and find the time to generate the capital needed to meet your obligations to The Treasury.

Find out more at a free initial consultation meeting with McTear Williams & Wood with a director of the business to get expert advice on how to best resolve this situation with a favourable outcome.

Tony Harrison

Director

Tony helps underperforming businesses using a professional and understanding approach and will listen to concerns on a without charge or commitment (on a confidential) basis and then advises on the available solutions.  

With over 19 years of experience at McTear Williams & Wood Tony understands the challenges facing directors and managements of struggling companies and can provide assistance with first hand experience.  His strengths lie in an ability to rapidly understand situations and react to turn them to an advantage and Tony advocates an early confidential meeting as experience tells us that recovery options are often eroded over time.

How can McTear Williams & Wood help you?

At McTear Williams & Woods we have a number of different options that could help you or your business recover from the financial burden of an APN. These include:

  • Personal financial restructuring – if you are experiencing difficulty meeting your financial obligations because of an APN you can put all your debts on hold and buy time to refinance or sell assets in a controlled manner.
  • Company financial restructuring – businesses which have been issued with an APN have the option to package all their debts into one liability and reschedule payments over up to five years.
  • Business turnaround services – if an APN has had drastic consequences for your company it is possible to also work with McTear Williams & Wood to provide a wide range of rescue and corporate recovery services, quickly restoring cashflow and moving your business back to the fast lane.

Act now for your best result
If you are in any kind of financial difficulty it is always best to approach us when you are first aware of the problem. The sooner we are able to see you the more choices will be available to you. Call us on 0800 331 7417

"Unfortunately, Gordon Dean Solicitors LLP got into debt in the 2020 pandemic, mostly with HMRC but recovered strongly making good profits but this was not enough to recover fully and having sought and failed to achieve further refinancing I visited insolvency practitioners McTear Williams & Wood who were very professional and arranged a liquidation on 1 April 2022. Gordon Dean Solicitors Ltd bought the assets of the firm and started trading from new offices. HMRC will get paid by the liquidators over the next few years."
Gordon DeanSenior Partner of Gordon Dean Solicitors Ltd
"Bethan and Tony acted not only with kindness and humanity, but professionalism! Also thanks to Chloe and Jamie for helping my staff so efficiently. We are not out of the woods, but grateful that you gave us another chance to start again by buying the business and assets back from the liquidator."
Architectural company
"We approached MWW at a very difficult stage - needing to complete an administration process quickly. It was an incredibly stressful time for us in general and Jo, Tony, Bethan and the team at MWW were a real pleasure to work with. They quickly jumped in to support us, gave us really clear and concise advice and helped mobilise the process really quickly to deliver a positive outcome via a pre-pack administration. We couldn't be more grateful for the support we received and I would have no hesitation in recommending MWW."
Company Director
"We have worked with McTear Williams & Wood in a number of turnaround situations. We rank their integrity and professionalism highly and really value their active desire to make businesses succeed wherever possible. Their attitude in working with other professional advisors to achieve this end is highly commendable."
Corporate Finance Accountant
"I am always impressed with the speed with which McTear Williams & Wood respond to a crisis (and with insolvency matters, it usually is a crisis). Our clients have received invaluable, practical, down-to-earth advice which has helped to steer them towards the right solutions to their problems. I am confident to recommend McTear Williams & Wood to our clients in any insolvency situation."
Insolvency Advice forAccountancy Firm Partner
"It was a tough decision to make but it had to be faced, I made the call and McTear Williams & Wood were very, very helpful the whole time. They helped us to explore all the possibilities to find any way forward and they helped us identify that liquidation was the best option for the business. Certainly McTear Williams & Wood made the process quite straight forward for us there was lots of help and lots of contact with them throughout the whole process."
Barry GodfreyManaging Director, Godfrey DIY Supermarkets
"Having traded successfully for over 20 years until recently it was devastating when we realised that our company would have to go into administration. But as we began to work with the team at McTear Williams & Wood believe it or not we wished we had been introduced to them at least six months sooner. That would have avoided months of heartache and the business would have been in a stronger position. As it was McTear Williams & Wood guided us through a pre-pack which saved the profitable stores and the restructured business is now growing again."
Managing Director, National Retailer
"After meeting with Andrew McTear we both felt we had met someone who we could put our trust in and who would leave no stones unturned to help us rescue our business. We had been given two insolvency practitioner names and the other firm just wanted to put the company into administration. As things turned out that would have left any purchaser of the business and assets with significant employee liabilities which would have killed the deal and all the jobs would have been lost."
Finance Director, Joinery Company
"I am aware of the sterling work carried out by this committee and of your role on it. I would like to take this opportunity to thank you for your valued contribution over the last two or so years. Your endeavours have made a significant contribution to the success of the committee in setting up and reviewing the Straightforward Consumer IVA Protocol and I and my Policy colleagues are grateful for the considerable time you have spent in this role."
IVA Standing Committee Member
"McTear Williams & Wood were called in to help our company when it went into Administration. They took early decisive action to reduce costs, maintain the loyalty of customers and key staff and find a viable way forward for our company. They conducted themselves at all times with the utmost professionalism, integrity and objectivity. I found them approachable, well-connected, responsive and always value-adding. McTear Williams & Wood have been instrumental in turning around the company's fortunes."
CEO, Manufacturing Business
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