Eligible if your business:
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
UPDATE 27/03/2020: the helpline number has been changed from 0800 0159 559 to 0800 024 1222
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;
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.
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
Lucinda Matkin - Licensed Insolvency Practitioner & Chartered Accountant