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Coronavirus - Tax

All businesses and self-employed people in financial difficulties and with outstanding tax obligations, may be eligible to receive support from HMRC through the Time To Pay arrangement. This will be viewed on a case by case basis. HMRC’s dedicated helpline number is 0800 0159 559.

We do have strategies which may apply to you and need to be considered speak to us to discuss:

  • De-registering for VAT.
  • Making a claim to reduce payments on account based on amended tax predictions.
  • If you are self-employed and do not have a 31st March/5 April year end, we have some strategies that could reduce your tax liability.
  • If you are self-employed and have a loss situation. This could amount to a tax refund.
  • It may be worth us reviewing your R&D (Research & Development), patent box relief and capital allowances claims.
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Added By: Sharon Worger on 20th Mar 2020 - 14:12
Number of Views: 69
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