Begbies Traynor Group

Distraint Notice and Inventory from HMRC

Date Published: 27/01/2020

Example of Distraint Notice and Inventory Checklist from HMRC

Distraint Notice And Inventory

What does this letter say?

“I have today seen and distrained on the goods listed in the inventory below. I did this at xxx

If you do not pay the total amount shown above within 5 days of the date of this notice, including the costs of this distraint and any added interest, then I will arrange to see these goods.”

What does this letter mean?

If you have received a Distraint Notice and Inventory letter from HMRC, it will be due to a prolonged failure to meet your company’s tax liabilities such as VAT or Corporation Tax.

HMRC is the most common company creditor and issues letters of this nature every day to directors who have failed to pay taxes on time. The upshot of this is drastic action taken by the Revenue to reclaim monies by seizing your business assets and selling them at auction.
In these circumstances, it’s best that you talk to a licensed insolvency practitioner as soon as possible – you can do this free of charge in a one-to-one setting at your nearest Begbies Traynor office.

About The Author

Meet the Team

Jonathan was a founding director of Cooper Williamson which was acquired by Begbies Traynor in October 2013. 

Jonathan was involved in the inception and continued with the development of the "Real Business Rescue" website, which provides advice and assistance for the directors of limited companies which are experiencing various degrees of financial distress throughout the UK. 

Jonathan is a member of the Insolvency Practitioners Association MIPA and is a Member of The Association of Business Recovery Professionals MABRP.

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