Your Money: So you can't pay your taxes? It's time to talk

Honesty is always the best policy when dealing with the tax authority

You've agonised over the figures, and have now calculated your tax liability and the result is not pretty.

You've agonised over the figures, and have now calculated your tax liability for 2013. The final result is not pretty, and is showing a tax bill that you can't afford. What do you do?

Ordinarily, the first port of call is normally your local bank. Some of the banks are offering short-term loans that are designed to meet once-off large payments and spread repayments over the coming year. Sometimes, however, this is not ...