Brown envelopes always mean bad news

I knew they would be coming, aside from the fine last week I haven’t received a threatening brown envelope in a few weeks.  Of course, the envelope isn’t threatening, but the content is.  The HMRC may as well send poison in it.

So, when you are self employed you have 4 areas to pay:

1. PAYE/NIC

2. Self Assessment

3. VAT

4. Corporation Tax

Happily for me, I can pay off number 1 next week, but this still leaves 3 areas that I now owe.  I owe them as I closed my company but, if you recall from previous post about the  hmrc my negotiations were a waste of time and I got fined anyway!  This letter is about debt number 2.

Debt 2 has seen some success, you see you pay half at the beginning of the year and the second half later on.  That second half is based on your projected half yea earningsr, but as I closed the company in June I successfully managed to negotiate £5600 off that bill as they agreed I wouldn’t owe it.   But, I do still owe some….hence the letter!

If I am truthful, I am not completely worried about this one (yet).  I think I can pay it off via selling some things, careful budgeting, and try getting permission from my mortgage company to take those 2 accrued payment holidays.   But, one envelope always brings others and the others will be debts 3 and 4, and those debts will have no traction at all.

So what would you do in my position?  I think I am going to request a personal hearing with a judge and try and negotiate something.  When you are in debt, all you do is negotiate.  Perhaps I should have worked in sales!

The concern for me though is that this may go the same way that put me in this trouble, that all the separate entities demand payment at once.  That is normally how the HMRC works.

I guess we wait and see, whatever happens this time I won’t panic.

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21 thoughts on “Brown envelopes always mean bad news”

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