Problems paying your tax?
Posted on 22nd January 2018
With the self-assessment deadline (31 January, if you have forgotten) fast approaching, one of the most common questions we hear is "What do I do if I can't pay my tax bill?" If you are struggling with paying that dreaded tax bill, whether it be your self-assessment (personal tax), corporation tax or VAT, we have some advice for you...
Our advice is:
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Dont' panic (well not too much anyway)!
Don't hide under the bed hoping it will all go away - take action! Why? - Because you will have to pay interest and possibly penalties if you pay the tax late.
Speak to us - we can give you advice and if nothing else, we can listen to your concerns.
Call HMRC on 0300 200 3835 (Open Monday to Friday, 8am to 8pm and Saturday and Sunday 8am to 4pm). They may be able to help you set-up a payment plan.
Written by:
Nicola J O'Sullivan -
Effective Accounting
Founder | Xero Champion | IR35 Expert
Tagged as: For - Contractors, For - Employers, For - Limited Companies, For - Property Owners & Landlords, For - Self-Employed, Personal Tax, VAT
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