Affordability Calculator - VAT & PAYE

We have identified that you need some time to pay your taxes which are due to HMRC.

To help us approach HMRC Debt Department we require you to complete this Affordability Calculator which feeds into a Statement of Financial Facts. The information supplied will enable HMRC to assist you in a repayment plan.

The overdue debt should be paid within 12 months, and at least 50% of surplus income needs to be paid to HMRC (or more, should the 50% be less than the required payment). You will need to complete this form based on your monthly income and expenditure. If you have weekly figures then multiply by 52 and divide by 12, and use this figure.

PLEASE NOTE: Required fields must have an entry, if not applicable please enter 0.

ABOUT YOUR COMPANY

What is your company name?(Required)

What is your full name?(Required)

What is your VAT number?(Required)

What is your PAYE reference number?(Required)

What do you owe for VAT?(Required)

This is the amount of debt owed at the time of completing this form.

What do you owe for PAYE?(Required)

This is the amount of debt owed at the time of completing this form.

Insert Today's Date(Required)

COMPANY INCOME (monthly)

PLEASE NOTE: Required fields must have an entry, if not applicable please enter 0.

Monthly sales?(Required)

Other monthly revenue?(Required)

Total monthly income

COMPANY OUTGOINGS (monthly)

COST OF SALES

PLEASE NOTE: Required fields must have an entry, if not applicable please enter 0.

Cost of Goods?(Required)

Other direct purchases?(Required)

Total cost of sales (monthly)

OVERHEADS

PLEASE NOTE: Required fields must have an entry, if not applicable please enter 0.

Advertising(Required)

Acccountancy?(Required)

Bank fees?(Required)

Rent?(Required)

Rates?(Required)

Utilities?(Required)

Software?(Required)

Insurance?(Required)

Pension?(Required)

Director(s) salary?(Required)

Employee(s) salary?(Required)

Employers NI?(Required)

Staff expenses?(Required)

Staff training?(Required)

Travel & subsistence?(Required)

Repairs & renewals?(Required)

Printing & stationery?(Required)

Legal fees?(Required)

Subscriptions?(Required)

Bank loan monthly repayments?(Required)

Credit card monthly repayments?(Required)

Sundry?(Required)

Other?(Required)

Total Overheads

PRIORTY DEBTS

PLEASE NOTE: Required fields must have an entry, if not applicable please enter 0.

Wage & salary arrears? (monthly repayments)(Required)

Rent arrears? (monthly repayments)(Required)

Bank loan arrears? (monthly repayments)(Required)

Credit card arrears? (monthly repayments)(Required)

Court Orders such as CCJ (monthly repayments)(Required)

Total Priority Debts

AFFORDABILITY CALCULATIONS

This section of the form totals the figures you've input and calculates any surplus funds, including a proposed monthly repayment to HMRC. It also includes an area to detail why you may not be able to pay the debt.

Total monthly Income

Total monthly Costs

Surplus (Total monthly income minus total monthly costs)

REPAYMENT PLAN

HMRC minimum requirement (Amount owed to HMRC divided by 12 months)

Actual proposed payment (Total monthly income minus total monthly costs)

Number of months to repay (Amount owed to HMRC divided by 'Actual proposed payment')

Explanation as to why you cannot pay the debt:

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Affordability Calculator - VAT & PAYE

ABOUT YOUR COMPANY

COMPANY INCOME (monthly)

COMPANY OUTGOINGS (monthly)

COST OF SALES

OVERHEADS

PRIORTY DEBTS

AFFORDABILITY CALCULATIONS

REPAYMENT PLAN

GET IN TOUCH

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