ELIGIBILTYKEY FACTS Eligible if your business:
WHENAvailable now HOW TO APPLYIf 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 UPDATE 27/03/2020: the helpline number has been changed from 0800 0159 559 to 0800 024 1222 WHAT WE ARE FINDINGThe 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;
REPAYMENT AND FEESThis 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. Also see separate guidance on Deferral of VAT 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. PLEASE CONTACT US... WE ARE HERE TO HELP
0 Comments
Your comment will be posted after it is approved.
Leave a Reply. |
AuthorLucinda Matkin - Licensed Insolvency Practitioner & Chartered Accountant Archives
December 2020
Categories
All
|