Debt report banner

Personal Tax Debts

Quick debt Calculator Free Debt Report
We offer a
We offer a
Free Initial Consultation
We'll Help You
We'll Help You
Lower Monthly Payments
You'll Get
You'll Get
Peace of Mind

Personal tax debts can occur for numerous different reasons. In many cases, we deal with sole traders who haven’t budgeted effectively for their self-assessment tax returns, or people who have accepted a cash windfall but haven’t prepared for the tax due. In recent times, we’ve helped hundreds of contractors and individuals made redundant from the oil and gas sector across Aberdeenshire and surrounding areas.

The Team

Sharon McDougall

Debt Adviser

Call: 0800 0639 250

What options are available when facing personal tax debts?

If you’re struggling with HMRC arrears of a personal nature and do not have the means to pay, you can attempt to reach an informal agreement with HMRC to allow you more ‘Time To Pay’. By discussing your situation with them, they may be more amiable when it comes to providing a more comfortable repayment structure. If you put your head in the sand and avoid their letters and phone calls, there’s a good chance of them refusing any requests.

If your personal debts are of a substantial nature, a formal insolvency procedure may be the best option to take. There are three main types of formal debt management processes in Scotland; these are:

Debt Arrangement Scheme

A Debt Arrangement Scheme is a debt management tool designed to help people repay their debts over an agreed amount of time without the threat of legal action. Creditors cannot block the scheme if it is fair and reasonable.

Trust Deed

A Trust Deed is a legally binding voluntary agreement which allows your Trustee to take over responsibility for dealing with your creditors. In this instance, you would stop paying HMRC and, instead, you pay your Trustee whatever surplus income you have left over a fixed term – usually 48 months – until the debt is repaid or the term is over, whichever happens first.


Sequestration is a form of insolvency that results in a person’s assets being transferred into the control of an appointed Trustee so that they can be used to satisfy creditors to the greatest extent possible. The term Sequestration itself means much the same as bankruptcy in other parts of the UK.

For personal debt issues that you feel are spiralling out of control, your best course of action is to contact us as soon as possible and a regulated Scottish money advisor can talk with you completely free of charge at your convenience. We have five offices across Scotland; these are in Aberdeen, Dundee, Edinburgh, Glasgow and Inverness.

Debt Report
Debt Report

Get your FREE Debt Report


We now do home visits

If you would prefer a meeting in the comfort of your own home, we are happy to arrange a date and time convenient for you no matter where in the country you are based.

Book a home visit

Useful Tools

Personalised Debt Report

Personalised Debt Report

Our personalised debt report will help you better understand your financial position and see where your money is going.

Free Scheduled Call

Free Scheduled Call

 Arrange a call with an expert advisor at a time to suit you.

Find a Local Office

Find a Local Office

We have five offices located across Scotland. Find your nearest one here.

Inverness Aberdeen Dundee Glasgow Edinburgh

Find your Local Office

We have offices in Aberdeen, Dundee, Edinburgh, Glasgow & Inverness. Contact your local office now, for your FREE initial consultation and advice.
Find your Local Office

We'll give you a call

Our Scottish based team can help advise you on your debt problems.

Here at Scotland Debt Solutions we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See our Privacy Policy.
The Team

Meet our qualified Scottish based team

100% Confidential advice

Close Menu Share with a Friend

Send this page to a friend

via Whatsapp via Messenger via Messenger via Email
Make sure you have WhatsApp installed.

Copy link to clipboard

This site uses cookies to monitor site performance and provide a more responsive and personalised experience. You must agree to our use of certain cookies. For more information on how we use and manage cookies please read our PRIVACY POLICY