stphnstevey
3rd January 2009, 13:17
Saw this and have heard that you can phone up and they can arrange extended payment terms
http://www.hmrc.gov.uk/pbr2008/business-payment.htm
Was wondering, do they charge you interest if you pay over a longer period?
Here it says:
We will not charge additional late payment surcharges on payments included in the arrangement, although interest will continue to be payable on those taxes where it applies.
Is that just if you have gone over the deadline or something and not made a prior arrangement?
How do you show your struggling? Obviouly for any business it woulf be better if you could pay your tax over a longer period, just wondered how they differentiate?
http://www.hmrc.gov.uk/pbr2008/business-payment.htm
Was wondering, do they charge you interest if you pay over a longer period?
Here it says:
We will not charge additional late payment surcharges on payments included in the arrangement, although interest will continue to be payable on those taxes where it applies.
Is that just if you have gone over the deadline or something and not made a prior arrangement?
How do you show your struggling? Obviouly for any business it woulf be better if you could pay your tax over a longer period, just wondered how they differentiate?