- Shepherd Partnership
Time to Pay Arrangements: Act now if needed
Amidst the current economic climate, and cost of living crisis, it is more important than ever that taxpayers take advantage of HMRC’s payment plans, known as Time to Pay arrangements if they need to (and are eligible).
Some self-assessment taxpayers will be able to apply online (where a decision can be made without the need to speak directly to HMRC).
To be eligible to do so, they must meet certain conditions, such as owing less than £30,000, applying within 60 days of the payment deadline, and planning to pay off any debt within the next year.
Those who owe more than £30,000 must apply by phone.
Please don't hesitate to contact us if you have any questions or concerns about paying your tax bill.