Self Assessment Customers to Benefit From Enhanced Payment Plans
The Chancellor has announced that Self Assessment customers can now apply online to spread the cost of their tax bill into monthly payments without the need to phone HMRC to organise.
The online self-serve ‘Time to Pay’ service, has been increased to £30,000 for Self Assessment customers, to help ease any potential financial burden they may be experiencing due to the coronavirus pandemic.
Once you’ve completed your tax return for the 2019-20 tax year, you can use the online self-serve ‘Time to Pay’ service through GOV.UK to set up a direct debit and pay any tax that is owed in monthly instalments, up to a 12-month period.
Follow the below link to find out more information.
https://www.gov.uk/government/news/self-assessment-customers-to-benefit-from-enhanced-payment-plans
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