Paying your tax bill - "Time to Pay"

We understand that for small businesses cash is not always available to pay your personal and/or coprporate tax bills. So if you are in a position where you have submitted your tax return by the due date, to avoid the late filing penalty, but are left with a tax bill that you cannot pay straightaway then you should make cotact with the Inland Revenue (HMRC) as soon as possible.

In our experience we have found HMRC are willing to help and will discuss with you the options you have under the "Time to Pay" deal. Be prepared for the conversation by having a pyment plan than you know you can achieve and then stick to it.

You will need to call your local tax office or call HMRC on 0845 3661204.

http://www.hmrc.gov.uk/payinghmrc/problems/cantpay-individuals.htm

It is always better in these situations to communicate with the Inland Revenue than ignore the situation, taht way you can not worry about demands for payment and concentrate on running your business.