Have you paid your tax in full?

Self Assessment taxpayers have only 3 days left to pay any outstanding tax liabilities in full, or set up an online payment plan for their 2019/2020 financial year to avoid penalty charges.

Due to the impact of Covid-19, HMRC has given self assessment tax payers more time to pay their tax or set up a payment plan, without facing a 5% late payment charge, providing arrangements are in place by midnight on 1st April 2021.

Find out how to pay your self assessment tax bill at Gov.UK.

Time to Pay Arrangement

Self-serve Time to Pay allows taxpayers to set up a payment plan online to help them manage the cost of their tax bill up to £30,000. Customers will be able to pay their tax bill in monthly instalments, up to January 2022.

If someone’s Self Assessment debts are more than £30,000, or they need longer to pay a debt in full, they cannot set up a Time to Pay arrangement online. But they may still be able to set up a Time to Pay arrangement by calling the Self Assessment Payment Helpline on 0300 200 3822.

If you’re worried about paying your tax bill or are unable to set up a payment plan online, speak to us at Walling Accountants on 01772 925230.