When a company finds itself unable to pay its outstanding taxes, it has the option of phoning up the Tax and Customs Administration with a request for deferment of payment for up to four months.
Please go to the web site of the Tax and Customs Administration for the terms and conditions governing the deferment of payment regime.
! You will be charged interest on overdue taxes – at a rate of 4% with effect from 1 April 2014 – if you avail yourself of the option to defer payment.