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A company can experience creditor pressure in many ways.
A company can experience creditor pressure as follows:
These can all take place:
County Court Judgements CCJ
Time to Pay Arrangements
This is when an informal agreement is made with HMRC for an unpaid debt for PAYE, VAT and/or corporation tax
Winding Up Petitions
Negotiating with Creditors
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06 Feb 2024
Government borrowing fell to £7.8 billion in December 2023 giving Chancellor Jeremy Hunt more scope to make the tax cuts he has hinted at in the Spring Budget.
Tax cut promises may need to be scrapped as a result of the UK being in an 'unfortunate economic and fiscal bind', the Institute for Fiscal Studies (IFS) has warned.