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​Self-Assessment Time to Pay Scheme

29/9/2020

 
If you deferred paying your July 2020 payment on account, you will need to pay the deferred amount in addition to any 2019/20 balancing payment and first 2020/21 payment on account by 3‌1‌‌ ‌‌January 2021. This may be a larger payment than you usually pay in January.

If you're unable to pay this liability in full by 31‌‌ January 2021 then you can set up a Time to Pay payment plan of up to 12 months online.  If your self-assessment tax debts are up to £30,000 then you'll able to access this Time to Pay facility through the gov.uk website and approval will be automatic and immediate.

If your self-assessment debts are over £30,000 or you need longer than 12 months to repay your debt in full then you will still be able to apply for a Time to Pay arrangement by calling HMRC.  It is likely that you will have to provide evidence of the reason you can not pay and produce cash flow forecasts. 
​
We are here to help so please contact us if you wish to discuss any of the above.

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