My client is having financial problems and was unable to pay the income tax due on 31 January. The amount is £17,000. I suggested that he call HMRC himself before 28 February in hope that he could make a 'time to pay' arrangement and avoid
a 5% penalty but they told him that it had already been passed to a debt collection agency and he would have to talk to them. This seems a bit sudden to me - I do not believe that he received any warning of this move. He says they also told him that the debt was accruing interest at up to 3% a day. Can that be right? I suggested it was per annum but he is sure they said per day. I have tried to call HMRC today but the bad weather has caused more delays than usual on their helplines.
Has anyone else encountered this situation?
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