HELP FOR COMPANIES AFFECTED BY CORONAVIRUS
All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be able to seek a Time To Pay arrangement. These are on a case by case basis and tailored to individual circumstances.
HMRC’s dedicated helpline is 0800 0159 559.
At the moment (likely to change) time to pay arrangements look like this:
-Businesses can defer PAYE between 1 and 3 months (they will need a valid reason - for example if the company has temporarily shut)
-Expectation is the deferral will apply up to and including April payroll
-If the business can’t pay at this point a formal payment plan can be set up between 3 - 9 months