HMRC approve tax bill payment plans for 44,800 taxpayers

HM Revenue and Customs (HMRC) have announced that nearly 44,800 people have sorted their upcoming 31 January tax bill by setting up a payment plan.

HMRC provide the option of a monthly payment called Time to Pay (see link below). Provided taxpayers owe less than £30,000, they can use HMRC’s affordability checker for help to decide on what arrangement will work best for them.

This arrangement must be set up before 31 January to avoid facing a penalty. Interest will be applied to any outstanding balances from 1 February.

If you need help working out how to make your tax payment or to set up a payment arrangement, please call us and we will be happy to help!

See: https://www.gov.uk/difficulties-paying-hmrc/pay-in-instalments