Introduction If you cannot afford to pay your HMRC tax bill in full and on time, HMRC may agree to pay by instalments. Sometimes, there may be a Debt Collection Agency on behalf of HMRC to collect tax bills. Debt Collection agencies can contact you to collect your HMRC tax bill from previous years. They …
In this blog, we are going to discuss – HMRC Time to Pay Arrangement Debt Plan. HMRC Time to Pay (TTP) arrangement would allow struggling businesses to repay their outstanding corporation tax, PAYE/ NI, VAT and other HMRC liabilities in installments, rather than in one go. Usually, Time to pay arrangements last either 6 or …
If you have outstanding HMRC debts, whether it is Income Tax Obligation (PAYE), NI or VAT debts, you must deal with them as soon as possible. These are classed as concerning financial obligations (Priority debt). The repercussions of not paying them can be extremely serious and can lead to recovery action or enforcement action by …
We all pay council tax. It does not matter if you are a homeowner or tenant, council tax debt is a long-term commitment to your income. You need to know three things: The valuation band of your property How much does your local council charge for that band? Whether you can get an exemption from …