One week remains to pay Self Assessment tax bill

Self Assessment taxpayers have one week left to pay their tax bill or set up a payment plan, HMRC has urged.

Self-employed people and other taxpayers who use HMRC’s self-assessment have until 1st April to pay all tax due from their 2020-21 tax return so as to avoid a late payment penalty.

Those who are unable to pay in full can also choose to spread the cost of their bill into monthly instalments by setting up an online payment plan. Self-assessment customers can also call the payment helpline if they need longer to pay, or owe more than £30,000, on 0300 200 2822.

Businesses yet to pay any tax due, as well as Self Assessment taxpayers who owe up to £30,000 can make use of the online Time to Pay service. The scheme allows taxpayers to set up a payment plan via the Gov.uk website without speaking to HMRC.

Myrtle Lloyd, HMRC’s Director General for Customer Services, said:

“We understand some customers might be worrying about paying their Self Assessment bill this year, and we want to support them. There is still time to set up a payment plan – to see if you’re eligible go to GOV.UK and search ‘pay my Self Assessment’.”

The Self Assessment deadline was 31 January but, this year, HMRC gave customers extra time to file and pay their 2020 to 2021 tax return and not face penalties.

More than 11.3 million customers filed by 28 February, with one million of those taking advantage of the extra time by filing their tax return in February.