I've been contracting for a couple years off and on, more off than on, and I am currently broke. I have had a letter requiring payment of my tax for 09-10, which was due on March 1st, it's around £1300, but I don't have anything I can spare at all, and likely won't for a few weeks.
So, I know they will add interest, and fine me for late payment, but does anyone have any idea how long I can put off paying before they start to get serious with me. I did arrange last years tax on instalments, they were fine when I did that, but I had a lump sum to give them to start that. I'd like to do the same again, but don't know when I will have a lump sum to give them.
Anyone have experience of a similar situation.
So, I know they will add interest, and fine me for late payment, but does anyone have any idea how long I can put off paying before they start to get serious with me. I did arrange last years tax on instalments, they were fine when I did that, but I had a lump sum to give them to start that. I'd like to do the same again, but don't know when I will have a lump sum to give them.
Anyone have experience of a similar situation.
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