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balancing payment problem
JulieRight
Posts: 24 Forumite
hi,
im due to pay hmrc a £8000 balancing payment by this July for my 19-20 tax return.
im having problems scraping the cash together to pay it as its a large amount.
if I call hmrc will they arrange for some kind of payment reprieve?
will they let me pay it later or set up a direct debit monthly payment plan?
thanks.
im due to pay hmrc a £8000 balancing payment by this July for my 19-20 tax return.
im having problems scraping the cash together to pay it as its a large amount.
if I call hmrc will they arrange for some kind of payment reprieve?
will they let me pay it later or set up a direct debit monthly payment plan?
thanks.
-1
Comments
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They may do.
Making an arrangement beforehand will also mean you will probably avoid a late payment penalty, which could be £400.
Are there also payments due for 2020:21 to factor in or is the £8,000 the only thing you need to pay?
Having your own plan of what you can realistically afford before calling would be sensible. And for that to be a realistic suggestion.0 -
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I'm a bit suspicious as OP had £180k to invest a couple of weeks ago.
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Have to agree - 11 new threads with 24 total posts in a month since joining.kuratowski said:I'm a bit suspicious as OP had £180k to invest a couple of weeks ago.0 -
And the balancing payment for the 2019-20 tax year was due by 31st January, so the first line of OP isn’t even factual...kuratowski said:I'm a bit suspicious as OP had £180k to invest a couple of weeks ago.0 -
It can be for some people.sallybeans said:
And the balancing payment for the 2019-20 tax year was due by 31st January, so the first line of OP isn’t even factual...kuratowski said:I'm a bit suspicious as OP had £180k to invest a couple of weeks ago.
Although I am somewhet sceptical now!0 -
So you have no opinion on fang stocks then?Dazed_and_C0nfused said:
It can be for some people.sallybeans said:
And the balancing payment for the 2019-20 tax year was due by 31st January, so the first line of OP isn’t even factual...kuratowski said:I'm a bit suspicious as OP had £180k to invest a couple of weeks ago.
Although I am somewhet sceptical now!
https://forums.moneysavingexpert.com/discussion/6261262/buying-fang-stocks#latest
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