Dealing with HMRC tax debt? Here’s a bullet-point guide to ease the process:
- Eligibility: Suitable if you:
-
- Have filed your latest tax return.
- Owe £30,000 or less.
- Are within 60 days of your payment deadline.
- Don’t have other debts or plans with HMRC.
- Setting Up:
-
- Log in to your personal HMRC gateway.
- Go to ‘Self-Assessment’.
- Click ‘more details about your Self-Assessment returns and payments’.
- Find and select ‘Set up a payment plan if you cannot pay in full’.
- Keep in Mind:
-
- Unpaid debt interest rate is now 7.75%, so worth setting this up before the deadline.
Setting up a payment plan with HMRC is now more straightforward than ever!