Corona Virus and Tax due

[paulears]

I read this today in another place (TV cameramen forum)

just called HMRC on 0800 015 9559 and have reduced my payments on account for July to £0, which means Jan 31st is going to hurt, a lot, but at least it takes the pressure off of the next couple of months. I would recommend any other self-employed friends call this number too, they're really really helpful and human x

 

If anyone's lost work and skint - this could be useful to smooth the cash flow.

[stories]

Surly just moves the lump a bit further into the future and makes it a bit bigger (not that it's not worth doing if you need to keep hold of cash right now as most of us probably do!).

 

You would think the Government would add temporarily raising the tax threshold for those on Self-Assessment to help the self-employed that are going to be struggling in a month or two and then even more so come January 31st next year when tax bills become due for this year.

 

My current thoughts then jump to wondering if all the outstanding invoices will be paid (in good time or at all) with companies starting feeling the pinch in a months time...

 

 

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