HM Revenue and Customs (HMRC) has revealed that since April 6, 2022, almost 21,600 Self Assessment customers, who were unable to pay their tax bill in full, have set up a payment plan to spread the cost into manageable monthly instalments - an increase of around 3,900 customers on the previous year.
The deadline for customers to submit their tax returns for the 2021 to 2022 tax year and pay any tax owed is January 31, 2023 and HMRC is encouraging anyone yet to complete their return to do it early. Those who have already completed their Self Assessment know what they owe and can budget to make payments on time.
Filing early also means customers, who are unable to pay their tax bill in full by the deadline, will have plenty of time to access support and advice on GOV.UK. HMRC may be able to help by arranging an affordable payment plan - find out more about Time to Pay arrangements here.
