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.