destraint order

MARSHALLC

i am self employed and have received a letter from the inland revenue Asking me to pay my tax for the year, it is overdue and have been asked to pay it in full before tomorrow 9th december i have been having money problems and havent been able to raise the amount required in full, people owe me money and work has been quiet! the inland revenue are threatning me with a restraint order if i dont pay in full ( ref: letter ) i was wondering if i was to phone them and explain and offer them some money they will give me an extension.please help, i really dont want anyone calling at my property and taking goods.

Mikeyorks

The only way to stop them ..... is to talk to them. Stick your head in the sand .... and they will continue and consequently ratchet up the costs.

They're under instruction from the Govt to deal sympathetically with businesses affected by the recession ... but can't help you if you try to ignore them. Get in touch with the office you've had the letter from ...... as in tomorrow! They will accept an offer .. but make it one you can stick to. The more money up front the better (and the lower the interest)

trevormax

I'm not an expert on HMRC's penalty system but they would be willing to help, especially given the current economic climate. By not phoning them to work things out you are probably making things worse for your self. For every day you go overdue, HMRC add daily interest to the amount due. At certain points they will also add penalties (£100, £200 etc) and surcharges (5% of the amount due at first i believe).

The amount owed will keep going up and up and at some point they may take you to court and could declare you bankrupt.

Mikeyorks

It would help to read this first ..... but do contact the local office who've been in touch :-

http://www.hmrc.gov.uk/pbr2008/business-payment.htm

...... and do bear in mind that HMRC are under instruction to be more helpful than usual (shades of Foot and Mouth .... which was a time of another Govt order to be accommodating to people in financial difficulty)