Time to pay your tax

Tax scheme promoter

Time to pay your tax

HMRC has launched new emergency measures to help those businesses and self-employed people affected by COVID-19 through the Time to Pay service. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. The new dedicated COVID-19 helpline opened on 11 March 2020 and offers advice and support.

If you are unable to pay some or all the tax you owe due to the outbreak you need to be pro-active and contact the Time to Pay service as soon as possible. Avoiding the issue and hoping the problem will go away will only make things worse.

The dedicate helpline can be contacted on 0800 0159 559. HMRC is also making some 2,000 experienced call handlers available to support firms and individuals when needed.

If you have missed a tax payment and have received a payment demand, like a tax bill or a letter threatening you with legal action, then you should take immediate action. We would of course be happy to assist you in your dealings with HMRC and in agreeing the most favourable outcome.

For more information, Book a Free Consultation

See also  Corporate Capital Loss Restriction

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