Are you having trouble paying your Tax?

We know that many people out there are struggling to pay their tax due to financial issues that have been caused by disruptions to business due to Coronavirus.

GOV.UK have released information about what you should do if you are unable to pay your Tax bill on time. It is important to be aware of the options available to you such as the deferral of a payment or a payment plan.

What should I do if I can't pay my tax bill on time?

If you have missed a payment or you are unable to pay on time, you must inform HMRC of this as soon as possible to avoid any penalties. There is the option of delaying your VAT payments that are due before 30th June 2020 until 31st March 2021. To find out more about this please see the GOV.UK website.

What should I do if I can't pay my Self Assessment Tax Bill?

If you are unable to pay your Self Assessment Tax bill, you may be able to arrange an online payment plan. This option is available to those owing less than £10,000. You can set this up directly on GOV.UK.

There is also the option of delaying your Self Assessment payment on account that is due in July 2020 until 31st January 2021. More information about your payment on account can be found here.

If you have missed a payment or if you can't use the online service, call the Self Assessment Helpline to speak to HMRC about your options. The number is 0300 200 3822 and they are open Monday - Friday, 8am - 4pm.

I have other taxes I can't pay, what should I do?

If there are other taxes you cannot pay, inform HMRC as soon as possible to avoid any penalties. If you have already received a letter from HMRC requesting payment, you need to call the office that sent you the letter to discuss your options.

If you haven't received a letter or a bill from HMRC, please call the Payment Support Service on 0300 200 3835. Their opening times are Monday to Friday, 8am to 4pm.

Which VAT Payments can I defer?

If you are struggling to pay your VAT bill on time, you may be able to defer your payment. If you are a UK VAT Registered business and you have a VAT bill due between 20 March 2020 and 30 June 2020, this can be deferred until a later date without interest or penalties.

You can defer the following:

  • quarterly and monthly VAT returns' payments for the periods ending in February, March and April
  • payments on account due between 20 March 2020 and 30 June 2020
  • annual accounting advance payments due between 20 March 2020 and 30 June 2020

To find out more about deferring your payments, please see the GOV.UK website.

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