…but if you are struggling to pay, did you know that H M Revenue and Customs (HMRC) provide an option to pay monthly under their ‘Time to Pay’ arrangement?

Providing you owe less than £30,000 under self-assessment, you might be able to set up a payment plan online.  Alternatively, contact HMRC directly – as soon as you can.

For more information, see https://www.gov.uk/guidance/find-out-how-to-pay-a-debt-to-hmrc-with-a-time-to-pay-arrangement

Interest will accrue at 7.75% currently from 31 January 2024 to the date of the ‘Time to Pay’ arrangement ends.