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You should be able to set up a payment arrangement to pay off the debt in months instalments. They usually have a time frame of when the debt needs to be paid of (2 years for most cases) but are usually quite understanding. You can only set up these arrangements once your tax bill becomes 'overdue' and then you must stay true to your arrangement or they will charge interest and penalties.

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Q: What happens if you can't afford to pay the income tax you owe for 2006-2007 in the UK?
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