HMRC can take control of company assets when unpaid tax debts remain unresolved and recovery action escalates. Assets such as vehicles, machinery, equipment or stock may be affected if they legally belong to the company. HMRC may first issue a Notice of Enforcement and could place goods under a controlled goods agreement before removing and selling them. Directors should not assume that asset seizure will clear the full tax debt, as any shortfall can remain outstanding. If HMRC is pursuing unpaid VAT, PAYE or Corporation Tax, early communication and a realistic review of the company’s financial position are essential.

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