More than 142,000 use online payment plan to pay tax

More than 142,000 use online payment plan to pay tax
HMRC’s online Time to Pay facility has been accessed by more than 142,000 Self Assessment taxpayers since April 2021, spreading the cost of their tax bills.
HMRC gave taxpayers until 1 April to pay any tax owed and not face penalties, an extension from the standard deadline of 31 January.
People who were unable to pay in full but had a tax bill under £30,000 could use the online Time to Pay service to spread the cost into manageable monthly instalments. Those who owed more than £30,000 or needed longer to pay could still use Time to Pay but they had to contact HMRC to arrange it.
Since April 2021, Self Assessment taxpayers have used this service to pay tax worth almost £475 million in instalments.
Myrtle Lloyd, HMRC’s Director General for Customer Services, said: “I’d like to thank the millions of customers and agents who have sent us their tax returns and paid their tax bills.”
Any Self Assessment taxpayers who did not pay their outstanding tax by 1 April will now face a 5% late payment penalty on any outstanding tax.
Customers wishing to file their 2021/22 tax return can do so from 6 April 2022. Last year, more than 63,500 customers filed their 2020 to 2021 tax return on the first day of the tax year.