Tax Bill

Jan 26, 2006 4 Replies

Many apologies if this is the wrong newsgroup to post this question. I've recently received my tax statement for self assesement (I'm a Director of a Ltd company). To cut a long story short, I'm unable to pay the whole lot in one go, is there any way I can pay back what I own monthly, or come to some other agreement with the tax office to pay in installements. I've been trying constanly to call the number of the tax form for the last few days buts its constantly engaged.



Many Thanks



Yes, they will accept payment in installments but you'll still have to pay any interest/charges due. It will keep them from hounding you for the money though. There's something on the IR website about it

In message , jndb72 writes

I did it for a few years in the early '90's. I think I did it by phone or letter the first couple of years, then they called me in for a chat. I'll never forget the guy asking how I was going to pay the next years tax - I told him I had no idea, and he laughed.

Not sure how they look at it under Gordons skint regime?

Hi All

Thanks for the advice. For others information......I just managed to get throught to them, after spending all morning hitting the redial button on my phone because they were constantly engaged......Anyway, for them to even consider accepting instalements they require a detailed report on your income and expenditure, for you and your wife/partner. Now, this "form" that you need to fill in, they wont send it out to you, it has to be done "online" because thats where their "database" is. Furthermore, it's a painfully long "form", that could take a considerable amount of time to fill in, but if your unable to answer any of the questions that arise, you have to hang up, go and get the said information, and then ring back and start the whole process from the begining. Once the "form" is complete they may then ask for bank statements to verify the information you've given as correct. All this came from the most unhelpful person I've ever spoken to, apart from being told that the "form" was extreamly time consuming, they would give very little further information about what sort of information they would require.

At this point I politely said good bye and hung up.

Best of luck to anyone else who tries...

Take out a loan to pay it back and offset the interest against tax :)

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