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Time To Pay Online Payment Plan

  • Writer: Evolution Accounts
    Evolution Accounts
  • Jan 10, 2021
  • 1 min read


Additional support is available to help you spread the cost of your Self Assessment tax bill using a Time-To -Pay arrangement.


In order to set up your own self-serve Time to Pay arrangement you must :

Have no-

  • outstanding tax returns

  • other tax debts

  • other HMRC payment plans set up

Your debt needs to be between £32 and £30,000 and the payment plan needs to be set up no later than 60 days after the due date of a debt


You will be required to pay interest on the tax owed from 1 February 2021, but there won't be any additional penalties.


You can use Time to Pay online to spread the cost of your Self Assessment bill which would have been due by 31 January 2021

ie

Any previously deferred payment on account due 31 July 2020

Any further outstanding tax due for tax tear 2019-20

The first payment on account for tax year 2020-21


You can request to set up a Payment Plan by logging into your Government Gateway Account and clicking on the link at the bottom of the Self Assessment Section


More information can be found here :



 
 
 

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