Do not ignore your VAT liability, it won’t go away and HM Revenue & Customs will pursue you
Make sure you communicate with HM Revenue & Customs as soon you know that you will not be able to make payment on time, you need to convince them that your intentions are honourable and you are seeking ways to settle the bill
Promptly seek advice from professional advisers to review your options
Act quickly while there are more options open to you
For further advice contact Gareth on 0114 2755033.