HM Revenue and Customs (HMRC) has said that the initial 21,600 self-assessed taxpayers have put in place a plan from April 6 this year to spread the cost of their tax bill.
These people were unable to pay their entire dues and hence came up with an online plan to make manageable monthly installments.
There was an overall increase of 3,900 customers installing these systems compared to the same period a year ago.
The deadline for customers to submit their tax returns for the 2021/22 tax year and pay any taxes is 31 January 2023.
HMRC is still encouraging anyone to complete their return early. The revenue body said those who have already completed their self-assessment know what they are owed and can make a budget to make payments on time.
Filing early also means that customers who are unable to pay their tax bill in full by the deadline will have ample time to find support and advice on gov.uk.
HMRC may be able to help by arranging an affordable payment plan.
Myrtle Lloyd, HMRC’s director general for customer services, said: “We’re here to help customers do their tax right and, if you’re concerned about paying your self-assessment bill, help and support. Available. To learn more, visit gov.uk and search for ‘help pay self assessment’.”
Credit: www.standard.co.uk /