If you’re struggling to pay your tax bill, don’t panic, but do act quickly. Contact HMRC as soon as possible – they may offer a Time to Pay arrangement, allowing you to spread your payments. This knowledge can provide you with relief. You’ll need to explain why you can’t pay and how you plan to pay in the future. Keep up with your current tax obligations while paying off arrears. Consider ways to improve your cash flow, like chasing overdue invoices or cutting non-essential expenses. If you’re consistently struggling, review your business model and pricing. Late payment can result in penalties and interest, so it’s crucial to communicate with HMRC and stick to any agreed payment plan.