News

Time to pay your tax

HMRC has launched new emergency measures to help those businesses and self-employed people affected by COVID-19 through the Time to Pay service. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. The new dedicated COVID-19 helpline opened on 11 March 2020 and offers advice and support.

If you are unable to pay some or all the tax you owe due to the outbreak you need to be pro-active and contact the Time to Pay service as soon as possible. Avoiding the issue and hoping the problem will go away will only make things worse.

The dedicate helpline can be contacted on 0800 0159 559. HMRC is also making some 2,000 experienced call handlers available to support firms and individuals when needed.

If you have missed a tax payment and have received a payment demand, like a tax bill or a letter threatening you with legal action, then you should take immediate action. We would of course be happy to assist you in your dealings with HMRC and in agreeing the most favourable outcome.

Source: HM Revenue & Customs Wed, 18 Mar 2020 05:00:00 +0100

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Some accountancy websites also provide pages and pages of tax information, helpsheets, etc. We prefer to give clients personally tailored advice. So, if you want details of tax rates and allowances just go to the HMRC website on which you should find what you’re looking for. If you need more individual advice please contact us.

Below are links to websites you may find of interest, but as we like to support our local community and clients, we have included links to websites that may be of interest:

HMRC
FT
BBC
VEALE WASBROUGH VIZARDS
CESP
PRACTICE INDEX
SIMCOMM ACADEMY

More Local:
FOOTPLATE EXPERIENCE
ANGLEBURY PRESS
OFFCAMBER.CO.UK