• Carrie Stokes

Help and support making payments during COVID-19

This blog post summarises the help that is available in making payments as a result of COVID-19.


If you are struggling to pay suppliers we always recommend speaking to them first to maintain the longevity of your relationship with them.


We can help with short-term cash planning and please look at our blog post about the business loans available.


If you need any help please get in touch hello@carriestokes.co.uk or 01952 462693

Above all else stay safe!


Carrie


Payments to HMRC

Time to pay scheme


Who is this for?

This scheme is to support both individuals and businesses that are struggling to settle outstanding taxes.


What will I get?

Arrangements are agreed on a case to case basis with HMRC, support can be given in the form of deferring payments or paying in installments.


How do I apply?

Please call the dedicated helpline on 0800 024 1222.


Payment on account deferral

If you have a payment on account for personal tax due on 31st July 2020 this can be deferred to 31st January 2021.


No applications need to be made for this it is an automatic deferral, no interest or penalties will be charged.

It is also optional so if you can still pay the amount due on 31st July you can still do so.


Mortgage break


Whilst this is not a government backed scheme you can request a 3 month repayment holiday on your mortgages. Other repayment holidays that you can negotiate are:

· Buy to let mortgages

· Commercial mortgages

· Finance agreements

· Lease agreement

· Personal loans

· Commercial loans

· Credit cards


How do I apply?

You can apply by contacting your lender.

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