If you receive a security notice, the most important thing is to act quickly.
Step 1: Do not ignore it
Delays reduce your options and increase risk.
Step 2: Understand what HMRC is asking for
Review the amount, the taxes involved, and the deadline.
Step 3: Assess affordability
Ask whether the business can realistically pay the security without causing further issues.
Step 4: Consider negotiation
In some cases, HMRC may be open to discussion, particularly where there is a viable business.
Read more: Can you negotiate an HMRC security notice?
Step 5: Be cautious about continuing to trade
Continuing without paying can increase personal exposure.
Read more: What happens if I don’t pay an HMRC security notice?
Step 6: Take professional advice
Understanding your position early can help avoid unnecessary risk.
Step 7: Consider formal options if needed
If the business cannot comply, it may be better to take control of the situation rather than allowing it to escalate.
Read more: Can an HMRC security notice force a company into liquidation?
Final thought
Receiving a security notice is serious, but it does not mean there are no options.
Acting early gives you the best chance of protecting both your business and your position as a director.