If you have been required to submit a self assessment tax return, please be aware that you have just one week left to pay your tax bill or set up a payment plan to avoid incurring a penalty.
HMRC has warned that taxpayers have until 1 April 2022 to pay all tax due from their 2020-21 tax return and not receive a late payment penalty. If you are unable to pay in full, there is still time to set up an online payment plan to spread the cost of your bill into manageable monthly instalments.
The online time to pay service is available for businesses and individuals who have filed their self assessment tax return and owe up to £30,000. You can set up a payment plan online at https://www.gov.uk/difficulties-paying-hmrc/pay-in-instalments without speaking to HMRC.
If you owe more than £30,000, or need longer to pay, please call the self assessment payment helpline on 0300 200 3822.
If you have any questions regarding your self assessment tax bill, please do not hesitate to contact us.