This VIDEO gives guidance if you cannot pay your tax bill on time and how HMRC can help you to manage your bill.  The most important step is to make HMRC aware of any difficulties or issues you may be encountering BEFORE they contact you.

This will save you a great deal of stress and frustration and avoid ignoring communications.  The final bill and any interest payments may also be capped or reduced.

As someone who has personally undergone a routine business tax audit, you would be well advised to ensure your records are well maintained and retained for at least 6 years otherwise you will be spending an inordinate amount of time trying to compile all the necessary documents to avoid HMRC simply charging you the default estimated amount for your trade or profession.

You should be aware that any costs for professional representation and support for any audit/inspection are NOT tax-deductible whether or not any irregularities were identified.

 HMRC is the UK’s tax, payments and customs authority & collect the money that pays for the UK’s public services and helps families and individuals with targeted financial support.

The HMRC Online Customer Forum allows you to ask questions, see what others are asking and get the answers and top tips on a range of topics including VAT, self-employment, Self Assessment or being an employer.

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