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Almost 45,000 set up HMRC payment plans

19 Jan 2024

Nearly 45,000 people have sorted self assessment tax bills totalling almost £148 million by setting up a payment plan, according to HMRC.

The tax authority confirmed that over 7.7 million self assessment customers have already filed their tax return for the 2022/23 tax year.

However, HMRC also warned taxpayers to pay their tax bill before the deadline on 31 January or risk facing a penalty.

Those who are unable to pay in full can check online to see if they can set up a monthly payment plan called Time to Pay.

If they owe less than £30,000, they can use the affordability checker on GOV.UK to help decide the best arrangements for them. Interest will be applied to any outstanding balances from 1 February.

Myrtle Lloyd, HMRC's Director General for Customer Services, said: 'We want to help self assessment customers meet their obligations and there is no time like the present to choose the right payment option for you.'

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Hyde Office:
Allen Mills Howard & Co, Library Chambers, 48 Union Street, Hyde, Cheshire SK14 1ND
Tel: 0161 366 6535

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Chartered Certified Accountants & Registered Auditors.

We are an established Chartered Certified accountancy practice with offices in the North West of England.

Registered as auditors in the United Kingdom by the Association of Chartered Certified Accountants.

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