HMRC has recently launched an online payment plan for VAT registered busineses. Effective from May 31, 2023, VAT-registered businesses with VAT debts below £20,000 can now set up a payment plan online.
This means that UK businesess can now complete the process online instead of ringing through to HMRC directly.
If you are a UK business that is VAT-registered you can can set up its 'time-to-pay' payment plan online as long as your business;
Businesses not eligible to use the online 'time-to-pay' service should contact HMRC if they need to agree a payment plan.
Some businesses will not be eligible to use the online service. This includes businesses that;
Businesses who cannot set up a payment plan online, should make contact with HMRC if they need to agree and set up a payment plan.
If you're not sure and have any questions about whether your business is eligible, get in touch. I help small businesses make informed decisions and personalised advice.
Andrew Passer
Accountant
Call : 020 8930 3983
Office location:
Charter House
20 Sunningdale Close
Stanmore
HA7 3QL
United Kingdom
Need a local accountant near you?
Xero Certified - Quickbooks Pro
Accounting Services - Tax Advice
Areas Covered include;
Stanmore - North Finchley - Edgware - North West London - Harrow - Greater London
(Middx)
Copyright © All Rights Reserved. Privacy Policy