What Happens If You Owe HMRC Money?
If you are found to owe HMRC a tax debt, then as with many debts, quick action will help you avoid some of the more severe consequences.
If you are found to owe HMRC a tax debt, then as with many debts, quick action will help you avoid some of the more severe consequences.
The best way to get out of debt to HMRC is to contact them and agree a payment plan. If this isn’t possible, then some debt solutions may be appropriate.
If you think you have discovered an old tax bill that you haven’t paid and you’re wondering how long it might take HMRC to forget about it, read on.
HMRC debt is considered to be a ‘priority debt’, meaning you should aim to pay this off before other less important debts. Bear in mind that failing to pay this type of debt can quickly lead to legal action or bailiff visits.