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Wales Online
Wales Online
Brett Gibbons

Thousands spread cost of self-assessment income tax bill to avoid lump sum payment

Almost 100,000 income tax payers have opted to spread the cost of their bill into monthly instalments to soften the blow of paying out a lump sum, according to HM Revenue and Customs.

Once a customer has filed their 2020 to 2021 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’re unable to pay in full.

This can be done online at GOV.UK without speaking to HMRC.

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