IRD Statutory Demand or Notice of Proceedings
If Inland Revenue has issued a Statutory Demand or a Notice of Proceedings, you are at a critical stage, and you need to act immediately.
These are not routine notices; they are formal legal steps towards liquidation.
Failure to act will likely result in loss of control and liquidation of your business.
- A Statutory Demand gives you 10 working days to act.
- A Notice of Proceedings means IRD has commenced court action to liquidate your company.
IRD Statutory Demand
A statutory demand is the last step before legal proceedings. If you do not act within 10 working days, Inland Revenue can proceed to liquidate your company.
What We Do
We act urgently and strategically to protect your position, which includes:
- An immediate review of your Statutory Demand.
- We assess and advise on whether there are any grounds to dispute your Statutory Demand or if we can get the Statutory Demand to be set aside.
- We review the status of your tax payments and assess the level that you are up to date with your tax compliance requirements, e.g. annual returns, outstanding arrears.
- We engage directly with Inland Revenue to halt the escalation of the Statutory Demand.
- We prepare and submit a repayment or hardship proposal.
- We advise on your risk of liquidation and the level of exposure to your Company Directors.
IRD Notice of Proceedings
If you have received a Notice of Proceedings, Inland Revenue has moved to the next stage, and legal action has already commenced.
This means:
- Liquidation proceedings are underway in the High Court.
- A hearing date will be set.
- The Court can order your company into liquidation.
- A liquidator will take control; this is often an Official Assignee or a Liquidator appointed by IRD.
- Your actions as a Company Director may be reviewed.
Notice of Proceedings | Your Options
Be aware, once you have been issued a Notice of Proceedings, you are in a time critical situation. Your options depend on how quickly you (and we) respond to the legal notice. Any delay in taking action will reduce your options and may weaken your position.
The key time critical range of actions that we can assist you with include:
- Negotiating directly with Inland Revenue to resolve the debt (where possible).
- Submitting a structured repayment proposal.
- Applying to have Statutory Demand to be set aside the (only if valid grounds exist).
- Seeking a court adjournment of the Statutory Demand. Note: this option requires strong financial evidence.
- Submitting a Hardship Application.
- Appointing your own liquidator to retain some control of the pending liquidation process.
How We Help
We specialise in urgent IRD matters and the escalation of IRD cases. Responding to a Notice of Proceedings is one that does require our fast-track response.
On your engagement of our services, we will:
- Assess your position immediately.
- Stabilise your compliance situation (annual returns, GST, PAYE).
- Prepare a credible, evidence-backed submission.
- Engage directly with Inland Revenue and their legal team.
- Work with lawyers where required for court appearances.
- Position your case to avoid liquidation of your business wherever possible.
Most Importantly | Do Not Wait
- After 10 working days, IRD can proceed without notice.
- Once proceedings are filed, your negotiating power reduces significantly. Delay can result in immediate liquidation and loss of control.
Speak to a Specialist Now
If you have received an IRD Statutory Demand or an IRD Notice of Proceedings, you need to act immediately. Early intervention can make all the difference between saving your business or being forced into liquidation.
Contact us now for an urgent assessment