One of the problems I have had with the tax authorities throughout the year is trying to do deals whereby they accept money on account of tax due and allow a reasonable time to pay the balance off.
Time and time again I have expressed to the Revenue ‘look this guy wants to pay you x number of pounds, it’s here, it’s now, it’s not available after that date, he’s borrowing it from his pal, after that he’ll pay you off, don’t make him bankrupt’ and then they come along and make him bankrupt.
The Insolvency Practitioner will tell you that the majority of people who are made bankrupt are done so by HMRC.
At the end of the day, they very rarely get nothing.
Isn’t it time somebody set up a department that actually deals with those matters or you have to chase people to get the money in but isn’t it better to get the money than actually make somebody bankrupt and cut off all chances of getting any money in the future?!
Well, let’s hope Pompey are able to get out of trouble by making a substantial payment and coming to some future payment arrangements.