Tax payment deadlines
Time to pay - some common questions
We are seeing an increasing number of queries from our clients who would like to understand what the tax risks and consequences may be if they deferred tax payments and what options may be available to them and their business to manage their taxation liabilities in the current economic climate.
This is becoming even more important as employers look to ensure the welfare of their people, with many people continuing to work remotely and having less access to the day- to-day office information which they may normally have to hand.
We have set out below an overview of:
- the general key payment dates for VAT, corporation tax and PAYE which are coming up over the next few months
- the consequences which may arise as a result of payment delays
- the options that may be available to defer tax payments
- Time to Pay arrangements.