Tax helpline for flood victims

By James Wilmore

- Last updated on GMT

Related tags: Flood, Hmrc

A tax helpline has been set up to help businesses affected by the floods. The HM Revenue & Customs (HMRC) helpline is designed to give fast,...

A tax helpline has been set up to help businesses affected by the floods.

The HM Revenue & Customs (HMRC) helpline is designed to give fast, practical help and advice on tax problems that people may be facing.

The number is 0845 3000157 and will be open seven days a week from 8am to 8pm.

It follows an announcement last week by the Chancellor that the government will bring forward retrospective legislation in next year's Finance bill to allow HMRC to waive interest and surcharges on tax paid late due to the floods.

In the meantime, HMRC commissioners will exercise discretionary powers not to collect interest and surcharges.

In addition, HMRC will be able to:

• defer collection of taxes and duties or agree instalment arrangements where customers are unable to pay as a result of severe hardship.

• introduce practical arrangements where individuals and businesses have lost records in the flooding

• suspend debt collection proceedings

• defer compliance checks and investigations

• not charge penalties where it is satisfied that customers have missed deadlines as a result of the flooding

• provide help and advice in dealing with other practical tax matters arising as a result of the flooding.

Related topics: Other operators

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