Self Assessment – Request additional time to pay taxes due.
Are you finding it difficult to settle your account with HMRC? People who normally pay income tax through self-assessment may be able to apply for a Time To Pay arrangement with HMRC.
Time To Pay arrangements have been available for sometime, HMRC state over 30,000 people used the service last year to help them cope with extra financial pressure from the pandemic.
You can apply for additional time to settle your self assessment account without even needing to speak with anyone at HMRC. You need to meet the following criteria to apply online, otherwise you will need to contact HMRC by phone.
- Your 2019 to 2020 return has been submitted to HMRC.
- You owe £30,000 or less.
- You have no other tax debts
- You have no other HMRC payment plans set up
- your tax was due less than 60 days ago.
You can setup your Time To Pay plan for Self Assessment tax payers by visiting the link below.
https://www.tax.service.gov.uk/pay-what-you-owe-in-instalments
If you would like to speak with us about your income tax situation, please do visit our contact us page.