HELP WITH TAXES

SUPPORT FOR BUSINESSES PAYING TAX​

​THE SUPPORT
All businesses and self-employed, whom are struggling to pay their tax liabilities (PAYE/NIC or corporation tax), may be eligible to receive support through the HMRC Time to Pay Service

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​ELIGIBILTY

KEY FACTS
Eligible if your business:

• ​​pays tax to the UK government; and
• Has outstanding tax liabilities

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WHEN

Available now

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​HOW TO APPLY

If you have missed a tax payment or you might miss your next payment due to the coronavirus outbreak, call HMRC on 0800 024 1222 . ​Opening hours Monday to Friday 8am to 8pm, and Saturday 8am to 4pm.
or contact HMRC through www.gov.uk/government/news/tax-helpline-to-support-businesses-affected-by-coronavirus-covid-19
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UPDATE 27/03/2020: the helpline number has been changed from 0800 0159 559 to 0800 024 1222

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​WHAT WE ARE FINDING

The support available will depend on your individual circumstances, the level of liabilities and whether they are current liabilities, or ones  that date back prior to the outbreak. Generally we are finding that HMRC are being supportive and understanding, offering the following;

• Deferral for 3 months; or
• Time to pay arrangement over 12 months; or
• Combination of the two, with 3 months deferral, and if you still unable to pay your liabilities at the end of the 3 months an option of a time to pay over 9 months

We must stress however, the options available will depend on your individual circumstances and liabilities.
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​REPAYMENT AND FEES

This is a deferral, or in effect a payment plan. You will still be responsible for paying 100% of your taxes.

​HMRC will however, waive late payment penalties and interest where businesses experience administrative difficulties contacting HMRC or paying taxes due to Covid-19. There is also currently a commitment to suspend debt collection proceedings.

IMPORTANT - CAUTIONARY NOTE: You will still be responsible for paying your taxes
​If you defer payments, you should consider the impact on future cash flows, and your ability to cover the payments later

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Also see separate guidance on Deferral of VAT

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DISCLAIMERS - DUE TO THE RAPIDLY CHANGING CIRCUMSTANCES WITH COVID-19, WE ARE UTILISING INFORMATION FROM GOVERNMENT SOURCES, THESE ARE TRUSTED SITES, BUT WE CANNOT BE HELD RESPONSIBLE FOR ANY INCORRECT INFORMATION OBTAINED FROM THEM OR INFORMATION ON LINKS TO THOSE SITES. THE INFORMATION PROVIDED HERE IS GENERIC IN NATURE, AND NOT SPECIFIC TO YOUR CIRCUMSTANCES, YOU SHOULD SEEK PROFESSIONAL ADVICE BEFORE ACTING ON ANY OF THE INFORMATION CONTAINED ON THIS WEBSITE AND IN PARTICULAR IN OUR COVID-19 HUB. ​​

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PLEASE CONTACT US... WE ARE HERE TO HELP