Support for Businesses Paying Tax

What is it?

All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities.

If you are self employed and you cannot pay your self assessment tax bill, you might be able to arrange to pay instalments online if you owe less than £10,000.

You can also delay making your second payment on account, due by 31 July 2020, until 31 January 2021.

Am I eligible?

You will be eligible if:

  • Your business pays tax to the UK Government
  • Your business has outstanding tax liabilities

How do I access it?

If you’ve missed, or are worried about missing, your next tax payment due to coronavirus, please contact HMRC. You can also call the HMRC helpline for advice on 0800 024 1222.

For more information on late payments, check with HMRC. If you’re worried about a future payment, please call HMRC nearer the time.

When can I access it?

You can access this support now.

VAT Deferral

What is it?

The UK Government is deferring Valued Added Tax (VAT) payments due between 20 March 2020 and 30 June 2020.

Am I eligible?

All VAT-registered UK businesses are eligible.

How do I access it?

This is an automatic offer with no applications required. UK-registered businesses will not need to make VAT payments normally due with VAT returns during this period. Taxpayers will be given until the end of the 2020-21 tax year to pay any liabilities that have accumulated during the deferral period. VAT refunds and reclaims will be paid by the Government as normal.

Customers who normally pay by direct debit should cancel their direct debit with their bank if they are unable to pay. They are advised to do so in sufficient time so that HMRC do not attempt to automatically collect on receipt of your VAT return.

When can I access it?

The deferral will apply from 20 March 2020 until 30 June 2020.

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