HMRC is going to be key in this crisis.
They have now set up a dedicated phoneline for Coronavirus related challenges, to help small businesses unable to pay their taxes on time (Corporation tax, income tax, PAYE, VAT) with options to defer or delay payment.
This vital service is known as ‘Time To Pay’. Around 2,000 staff work on their helpline. Feedback from small businesses has been good with some saying that they waited less than 2 minutes before speaking to someone.
Their helpline number is 0800 015 9559 and lines are open Monday to Friday, 8am to 8pm and on Saturday, 8am to 4pm.
HMRC will also waive late payment penalties and interest, but you should make every effort to contact HMRC immediately.