Category: Time to Pay

Company directors reviewing a personal guarantee agreement after corporate default in a professional office setting

Directors’ Personal Guarantees: What Happens When a Corporate Debtor Defaults?

When a company defaults, directors who have signed personal guarantees may face direct personal enforcement. This guide explains how personal guarantees operate under UK law, when liability arises, how creditors pursue guarantors, and what legal options may be available to protect personal assets.

Personal Liability Notices (PLNs) Guide 2026: What Directors Need to Know

Personal Liability Notices (PLNs) are a powerful HMRC enforcement mechanism that can make company directors and officers personally liable for unpaid corporate tax debts, including PAYE, National Insurance Contributions, VAT, and CIS. In 2026, PLNs are increasingly used in insolvency and enforcement scenarios, placing directors’ personal assets and professional futures at direct risk.

Digital cityscape at dawn highlighting a modern office building with overlaid financial charts and a glowing path, representing HMRC Time to Pay negotiation and structured tax repayment in 2026.

HMRC Time To Pay Guide 2026: Instalments for Unpaid Tax

A HMRC Time to Pay (TTP) arrangement lets businesses spread unpaid tax over manageable monthly instalments. In 2026, with HMRC enforcement increasing, well-prepared TTP proposals backed by financial evidence help avoid winding-up petitions, protect directors, and keep businesses trading.