Self assessment tax bill - payment plan
Self assessment tax bill - payment plan
Author
Discussion

996c2

Original Poster:

470 posts

194 months

Monday 7th December 2020
quotequote all
Just looking for a quick confirmation of my understanding of the Self Assessment Time To Pay facility.
https://www.gov.uk/government/news/self-assessment...

I am due a large self assessment tax bill in Jan 2021 as I did not make the payment on account in July 2020.

Let's pretend that tax bill is £100k but I can only pay £70k.

Would I be able to pay the remaining £30k in instalments using the Time To Pay facility?

Thanks.

ziontrain

290 posts

150 months

Tuesday 8th December 2020
quotequote all
I suggest you phone HMRC and ask them - it all depends on your personal circumstances. The £30k limit alluded to in that link is only for you to be able to apply online.