Almost 100,000 self assessment customers have used online payment plans to spread the cost of their tax bill into monthly instalments since last April, HMRC has said.
Since April 2021, self assessment customers have used the online Time to Pay service to pay more than £310 million worth of tax in instalments.
Once a customer has filed their 2020/21 self assessment tax return, they can set up a Time to Pay arrangement for up to 12 months on debts of up to £30,000 that they’re unable to pay in full. This can be done online at GOV.UK without speaking to HMRC.
The deadline for filing tax returns, paying any tax owed or setting up a payment plan was 31 January but, this year, HMRC has given customers extra time to meet their obligations without facing penalties.
Myrtle Lloyd, HMRC’s Director General for Customer Services, said: ‘We understand some customers might be worrying about paying their self assessment bill this year, and we want to support them. To see if you’re eligible to set up a payment plan, go to GOV.UK and search ‘pay my self assessment’.’