Tax Accountant in Surrey

Affordable fixed fee personal tax packages. Covering tax returns, self employed & rental accounts, bookkeeping and complex tax affairs. Making tax as easy as possible for clients since 2006.

  • E-mail
  • LinkedIn
  • Twitter
  • Home
  • Services
    • Fixed-fees
    • Bronze – Tax Return
    • Silver – Return & Accounts
    • Gold – Complex Returns
  • Resources
    • Books
    • Business Course
  • About
  • FAQ
  • Clients I’ve helped
  • Blog
  • Contact

Self-serve HMRC time to pay for 2021

HMRC had already allowed people to defer payment of their 31st July 2020 second payment on account until 31st January 2021.

Now, that is being extended through a new time to pay arrangement that will enable people to set up their own online payment plan to cover any or all of the below liabilities:

1) The deferred 31st July 2020 payment on account
2) The balancing payment due 31st January 2021
3) The first payment on account for 2021, due 31st January 2021

Online payment plans of up to £30,000 are allowed, with repayment up to 12 months.

There are a few conditions that have to be met to use the scheme:

1) The 2019/20 and any other outstanding tax returns have to have been submitted
2) There is not already a payment plan in place
3) There are no other outstanding tax debts

Beware of interest charges

While the deferment of the 31st July 2020 payment on account to 31st January 2021 was interest-free, interest will be charged on any payment plans from 1st February 2021.

How to arrange a HMRC payment plan

To arrange a payment plan, go to this address:

https://www.gov.uk/pay-self-assessment-tax-bill/pay-in-instalments

and select ‘set up a payment plan online’ to begin.

November 25, 2020

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Related

Comment Cancel reply

Tax & small business news

  • HMRC Home working claim changes for 2023
  • The 2022 Tax Return
  • National Insurance changes from July 2022
  • Making Tax Digital postponed until 2024
  • National Insurance increase from April 2022
  • Dividend Tax Increase from April 2022
  • Taxhelp celebrates 15 years in business
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie & Privacy Policy

Accountant in Surrey

Are you looking for a personal tax specialist?

I built up my tax experience in industry and practice over 17 years before founding my own practice in 2006.

Based in Cobham, Surrey I can also help clients throughout the UK.

  

My goal is to make personal tax and accounts for the self-employed as easy as possible for clients

 

Award-winning Accountant

Small Business Saturday is the UK's most successful small business campaign. Only one hundred of the UK’s top small businesses are selected each year for the SBS100. They act as trail-blazers in the official count-down towards the annual event.

I was one of the alumni from the 2014 Small Business Saturday 100, resulting in two visits to Downing Street.

In the Surrey Digital Awards from 2015 - 2018, I was also the winner of several top awards.

© 2022   ·   taxhelp.uk.com Ltd     ·     Privacy & Cookie Policy     ·     Terms & Conditions