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Daily Record
Daily Record
Lifestyle
Linda Howard

HMRC urges self-employed to set up tax bill payment plan ahead of February deadline

The latest figures from HM Revenue and Customs (HMRC) have revealed that almost 100,000 Self Assessment customers across the UK have used online payment plans to spread the cost of their tax bill into manageable monthly instalments since April 2021.

Once a customer has filed their 2020/21 Self Assessment tax return, they can set up a Time to Pay arrangement for up to 12 months on debts up to £30,000, that they are unable to pay in full. This can be done online at GOV.UK without speaking to HMRC.

Since April 2021, Self Assessment customers have used the online Time to Pay service to pay more than £310 million worth of tax in instalments. If a customer owes more than £30,000, or needs longer to pay, they should contact HMRC to discuss payment options.

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