Tel: 0115 943 6493

    Email: info@wrenaccountancy.co.uk


Can't pay self-assessment tax due by 31.01.2021? Apply for a time to pay arrangement online
08/01/2021

Owe some tax under self assessment?

On 31 January (2021) the following tax is due to be paid:

  • The 2nd payment on account for the tax year 2019/20 (if you deferred it from 31 July 2020);
    AND
  • The balancing payment for the tax year 2019/20;
    AND
  • Your first payment on account for tax year 2020/21.

If these total under £30,000, you can set up a TTP (Time to Pay Arrangement) time-to-pay arrangement, paying by DD over 12 months, without talking to or contacting HMRC by phone.

How do you do this?

Simply access HMRC’s website at https://www.tax.service.gov.uk/pay-what-you-owe-in-instalments using your Government Gateway ID.

You will need to submit your 2019/20 Tax Return 48 hours beforehand.

Anything else you need to know?

Interest will be charged, from 1 February 2021, at 2.6% per annum.

Penalties will not be payable as long as you stick to the payment plan.


Contact Us

Wren Professional Services Ltd

4 Cross Street, Beeston

Nottingham

NG9 2NX

0115 943 6493

info@wrenaccountancy.co.uk

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