{"id":765,"date":"2020-12-23T00:00:00","date_gmt":"2020-12-23T00:00:00","guid":{"rendered":"http:\/\/duffyregan.co.uk\/index.php\/2020\/12\/23\/concerned-about-tax-payments-due-31-january-2021\/"},"modified":"2020-12-23T00:00:00","modified_gmt":"2020-12-23T00:00:00","slug":"concerned-about-tax-payments-due-31-january-2021","status":"publish","type":"post","link":"http:\/\/duffyregan.co.uk\/index.php\/2020\/12\/23\/concerned-about-tax-payments-due-31-january-2021\/","title":{"rendered":"Concerned about tax payments due 31 January 2021?"},"content":{"rendered":"<p>UK taxpayers that file a tax return will need to pay a variety of self-assessment tax and NIC liabilities that will fall due at the end of January 2021. They include:<\/p>\n<p>&nbsp;<\/p>\n<p>&middot; The second payment on account for 2019-20 if deferred when first due 31 July 2020.<\/p>\n<p>&middot; Any balance of taxes unpaid for 2019-20<\/p>\n<p>&middot; The first payment on account for 2020-21<\/p>\n<p>The second two amounts will have been quantified when your self-assessment tax return was filed for 2019-20.<\/p>\n<p>If you have concerns that you will not have sufficient funds to meet these liabilities on 31 January 2021, it is possible to negotiate under HMRC&rsquo;s time to pay scheme. On their website HMRC offer the following advice:<\/p>\n<p><strong>If you cannot pay your Self-Assessment tax bill<\/strong><\/p>\n<p>You can set up a payment plan to spread the cost of your latest Self-Assessment bill if:<\/p>\n<ul>\n<li>\n<p>you owe &pound;30,000 or less<\/p>\n<\/li>\n<li>\n<p>you do not have any other payment plans or debts with HMRC<\/p>\n<\/li>\n<li>\n<p>your tax returns are up to date<\/p>\n<\/li>\n<li>\n<p>it&rsquo;s less than 60 days after the payment deadline<\/p>\n<\/li>\n<\/ul>\n<p>You do not need to contact HMRC if you set up a payment plan online. Call the Self-Assessment helpline if you&rsquo;re not eligible for a payment plan or cannot use the online service.<\/p>\n<p><strong>Self-Assessment Payment Helpline<\/strong><br \/>\n&nbsp;<\/p>\n<p>Telephone: 0300 200 3822<br \/>\nMonday to Friday, 8am to 4pm<br \/>\nFind out about call charges<\/p>\n<p>&nbsp;<\/p>\n<p><strong>If you cannot pay other taxes<\/strong><\/p>\n<p>You might be able to set up a Time to Pay Arrangement with HMRC if you&rsquo;re unable to pay any other taxes in full. This lets you spread the cost of your tax bill by paying what you owe in instalments.<\/p>\n<p>How you do this depends on whether you&rsquo;ve received a payment demand.<\/p>\n<p>If you&rsquo;ve received a payment demand, like a tax bill or a letter threatening you with legal action, call the HMRC office that sent you the letter. If you&rsquo;ve not received a bill or letter, call the Payment Support Service.<\/p>\n<p><strong>Payment Support Service<\/strong><br \/>\nTelephone: 0300 200 3835<br \/>\nMonday to Friday, 8am to 4pm<br \/>\nFind out about call charges<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>UK taxpayers that file a tax return will need to pay a variety of self-assessment tax and NIC liabilities that will fall due at the end of January 2021. They include: &nbsp; &middot; The second payment on account for 2019-20 if deferred when first due 31 July 2020. &middot; Any balance of taxes unpaid for [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-765","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"_links":{"self":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=765"}],"version-history":[{"count":0,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/765\/revisions"}],"wp:attachment":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=765"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}