Need Help Paying your Tax?

Are you worried about paying your businesses tax? At HMRC Time to Pay they offer a scheme to help you with paying your tax, in order to help you pay your tax in a way you can afford. HMRC are offering to help you if you are eligable for their scheme. You must take into consideration not paying tax is a criminal offence despite your bussiness circumstances, hence why HMRC are offering his service to help give you more time to pay the tax you owe.

They allow viable customers who cannot pay on the due date to make no circumstances can HMRC ever reduce the amount of tax due as part of your arrangement.  If you do meet the criteta HMRC will work with you to find a time scale and a monthly amount to pay.
payments over a period that they can afford. Arrangements are tailored to the ability of the customer to pay and are typically for a few months although they can be longer, but under

The criteria for the Time to Pay scheme is:

• Objective criteria are applied in each case.
• TTP arrangements are entered into on a case-by-case basis.
• TTP is only agreed where HMRC is satisfied that the customer cannot pay their liability on the actual due date(s).
• The customer offers the best payment proposals that they can realistically afford. If their ability to pay improves during the TTP period then they must contact us and increase their payments/clear the debt.
• TTP is only agreed where HMRC believes that the customer will have the means to pay the taxes included in the TTP arrangement and any other taxes outside the arrangement which become due during the TTP period.
• The TTP period is as short as possible.
• The same principles are applied to all taxpayers, although the detail of processes can be tailored to reflect the risk/return associated with different liabilities. As a rule, the larger the liability the greater the risk and the greater the need for more information.

If your business is in need of better financial management then Complete Accounting offer a bespoke service that could help you with your accounts, bookeeping and many other financial related things. They offer a variety of online services that could be highly beneficial to your business. For any further enquires contact them on 0845 4750 919.

For any other enquires please click here HMRC Time to Pay to see if you are eligable for their scheme.