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Self Assessment Payment Plan

HMRC has announced that providing you either pay your tax or make a time to pay arrangement by 1st April, you will not be charged the initial 5% late payment penalty.

The payment deadline for Self Assessment is 31st January and interest will be charged from 1st February on any amounts outstanding. The deadline has not changed, but this year, because of the impact of COVID 19, HMRC is giving taxpayers more time to pay or set up a payment plan. 

Payment plans or payments in full must be in place by midnight on 1st‌‌ April to avoid a late payment penalty.

HMRC recognises the pressure affecting customers due to the pandemic, and anyone worried about paying their tax should contact HMRC for help and support on 0300‌‌ 200‌‌ 3822.

The self-serve Time to Pay facility allows you to spread the cost of your tax liabilities into monthly instalments until January‌‌ 2022. You can set up a payment plan online, on GOV‌‌.UK.

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MPH Accountants

We offer a friendly and professional service to our clients. Our client base is wide and varied ranging from small one-man bands to large limited companies, and our business principle is the same in that each client, no matter what size, has their own individual requirements.

Whitstable - 01227 277 667
Thanet - 01843 230 256
Email: admin@mphaccountants.co.uk