Payment plan help for self assessment customers

If you are worried that you may not be able to pay your Self Assessment tax return before the 31st January deadline, it may be worth looking into whether you can set up a payment plan.

HMRC have a monthly payment plan called ‘Time to Pay’ to assist customers with meeting their obligations. If you owe less then £30,000, you can use the affordability checker on GOV.UK to help you figure out the best arrangement for yourself.

Unless you have a reasonable excuse, the penalties for failing to complete your Self Assessment on time can be large. Nearly 44,800 have already used ‘Time to Pay, to sort their tax bills so if you feel you could benefit from this, use the link below to find out more.