Hill Osborne

Poole Office: 01202 678555 | info@hillosborne.com

Search


More on HMRC payment plans
17/11/2022

Businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service.

An online payment plan for Self-Assessment tax bills can be used to set up instalment arrangements for paying tax liabilities up to £30,000. Taxpayers that qualify for a Time to Pay arrangement using the self-serve Time to Pay facility online, can do so without speaking to an HMRC adviser. The service will create a bespoke monthly payment plan based on how much tax is owed and the length of time needed to pay. The service was used by over 142,000 taxpayers for the 2021-22 tax year to spread the cost of over £475m in tax.

Taxpayers that want to use the online option for their 2021-22 tax return must meet the following requirements:

  • have filed their tax return for the 2021-22 tax year;
  • owe less than £30,000;
  • plan to pay their debt off within the next 12 months or less.

Taxpayers with Self-Assessment tax payments that do not meet the above requirements need to contact HMRC to request a Time To Pay arrangement. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities.

HMRC will usually offer taxpayers the option of extra time to pay if they think they genuinely cannot pay in full now but will be able to pay in the near future. If HMRC do not think that more time will help, then they can require immediate payment of a tax bill and start enforcement action if payment is not forthcoming.


Contact us

Hill Osborne
Tower House, Parkstone Road
Poole
Dorset
BH15 2JH
 
Tel: 01202 678555
E:   This email address is being protected from spambots. You need JavaScript enabled to view it.
 
Company Registration No: O7430971
VAT Registration No.107585703

Membership

  

Newsletter Sign up

With our newsletter, you automatically receive our latest news by  e-mail and get access to the archive including advanced search options!

Newsletter Sign up  |  Login