Time to Pay your tax
01/02/2024

Businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time to Pay service. Any tax, duty, penalties or surcharges that you cannot afford to pay can be included.

An online payment plan for self-assessment tax bills can be used to set up instalment arrangements for paying tax liabilities up to £30,000. Taxpayers that qualify for a Time to Pay arrangement using the self-serve Time to Pay facility online, can do so without speaking to an HMRC adviser. This service is available within 60 days of the payment deadline.

Taxpayers that want to use the online option must also meet the following requirements:

  • Have no outstanding tax returns
  • No other tax debts
  • No other HMRC payment plans set up

Other payments arrangements are usually agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. Agreements reached with HMRC allow businesses and individuals to pay off their debt by instalments over a period of time.

HMRC will usually offer taxpayers the option of extra time to pay if they think they genuinely cannot pay in full now but will be able to pay in the future. If HMRC do not think that more time will help, then they can require immediate payment of a tax bill and start enforcement action if payment is not forthcoming.


About Us

Lord Associates was formed in 2001 by Senior Partner Nigel Lord who saw an opening for a new type of tax consultancy which could provide strategic business advice and also the full range of ancillary services required by clients seeking to arrange their affairs tax efficiently.

Contact us

Loughton Office
9-11 High Beech Road,
Loughton, Essex,
IG10 4BN

020 8418 9101
tax@lordassociates.co.uk

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