More Time To Pay Tax Due On 31 January 2021

Those taxpayers who may have difficulty paying the tax due under self-assessment on 31 January 2021 can agree more time to pay with HMRC provided the amount outstanding is no more than £30,000.

The government have already agreed that amounts due under self-assessment on 31 July 2020 could be deferred until 31 January 2021 but this latest announcement generally allows a further 12 months to pay.

You can either set up a payment plan online by logging into your HMRC online personal tax account or call the HMRC Payment Support Service.

Related Articles: New Self-Assessment Rules: Spread The Cost (October 7th 2020)

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