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HMRC Payment Plans

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!

CLICK HERE for more information on HMRC’s website.

Meet the Tax Team

Matthew Morris FCCA CTA
Tax Partner
Dan Simpson ACA
Chartered Accountant
Ellie Smith ATT
Jack Taylor

Folkes Worton LLP Chartered Accountants
Accounting for the Future