Updated 24/03/2020

Businesses struggling with tax can get support under special new measurements announced by the government in the fight against the COVID-19 pandemic.

The new HMRC helpline will help businesses, self-employed included, that are struggling or in financial distress with their tax liabilities get the help they need through their Time to Pay service.

Am I eligible?

The only parameters to be eligible for the scheme are that your business pays tax to the UK government and has outstanding tax liabilities.

The help is agreed on an individual case-by-case basis with specific circumstances and liabilities taken into account.

What sort of help will I get?

The help is circumstantial, but the HMRC will discuss things like instalment arrangements or suspension of debt collection.

How do I access it?

If you are struggling with your tax payments because of COVID-19, the HMRC has a dedicated helpline on 0800 0159 559.

Our team are standing by to help businesses during this difficult time and are here to help you and take the strain off so you can focus on running your business.

If you would like to discuss your financial situation and would like some help, contact us on 0115 958 6872, email info@midlandsassetfinance.co.uk or fill in an enquiry form here.

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