HMRC announced this year that you could set up a payment plan with them if you were unable to pay your 2019/2020 personal tax liability by the 31st January 2021.
You can set up a payment plan to spread the cost of your latest Self Assessment bill if all the following apply:
- you owe £30,000 or less
- you do not have any other payment plans or debts with HMRC
- your tax returns are up to date
- it’s less than 60 days after the payment deadline (so by 1st April 2021)
You can choose how much to pay straight away and how much you want to pay each month. You’ll have to pay interest.
If you don’t keep up with your repayments, HM Revenue and Customs (HMRC) can ask you to pay everything you owe.
There are 2 ways you can set up a payment plan:
Self Assessment Payment Helpline
Telephone: 0300 200 3822
Monday to Friday, 8am to 6pm (closed on bank holidays)