Tax bills, what are the consequences in case of failure to pay the agreed instalments. The details.
It may happen that those who decide to pay a tax bill in installments find themselves unable to pay. In other words they are unable to respect the deadlines set out in the plan of extension. A situation for sure annoying and which gives rise to justified concerns.
It must immediately be said that the consequences of a similar circumstance are not always the same, as they also depend on who grants the extension. For example, an ordinary extension is not similar to the extension of the scrapping of the tax bill. Knowing the tolerance times an installment plan can be of great help if you need to plan your monthly payment.
Tax bills, installment payments not respected
Let’s say immediately that do not pay an installment on the due date it doesn’t always cause decay from installments. But this does not apply to the extension plans connected to the scrapping of the tax bill. In fact, if the delay is linked to the scrapping, just miss the payment of a monthly fee to lose the right to relief.
In case of scrappingthe grace period, i.e. the delay allowed for the payment of the instalment, is only 5 days. A longer delay results in loss of benefit of scrapping, starting from the deferral of payments. With ordinary installment payments, however, the rules are different. In fact, only if you pay the first installment late will you lose the entire deferral plan. The first installment usually has to be paid within 30 days of approval of the plan itself.
Only one applies small fine and interest for late payment. An important thing in an ordinary installment payment is to pay the installment before the next one is due. The problems are greater if the there are more than one unpaid installments. The organization with which the extension plan is agreed must also be evaluated.
With the Revenue Agency the margins are narrow and you lose if you pay the first payment after 7 days, beyond 30 days subsequent to those of the installment notice. It is forfeited if any installment is paid after the first after the next installment expires. With the Revenue Collection Agency the tolerance for non-payment is greater. Before you lapse from the installment plan you can do not pay 8 installmentseven if not consecutive.
So Revenue Agency yes decays after 3 months which you don’t pay, while with the Revenue Collection Agency you do decays after 8 months. After the forfeiture of the installment plan, the unpaid amounts are put back into the register and with penalties and interest to be added. Plus there’s a risk again administrative arrest, foreclosure and mortgage.
