HMRC approve tax bill payment plans for 44,800 taxpayers
HM Revenue and Customs have announced that nearly 44,800 people have sorted their upcoming 31st 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 31st January to avoid facing a penalty. Interest will be applied to any outstanding balances from 1st February.
If you need help working out how to make your tax payment or to set-up a payment arrangement, please call us on 01384 376 964 and we will be happy to help!
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Matthew Morris FCCA CTATax Partner
Dan Simpson ACAChartered Accountant
Ellie Smith ATTTax
Folkes Worton LLP Chartered Accountants
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