COVID-19 TIME TO PAY

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

CLIENT SUPPORT

Please do not hesitate to contact us on 01934 444100 if you have any queries or require any advice.