Self Assessment Payments

nekr0mantik

If your self assessment payment is over £30k then do HMRC not allow payment plans?

Do they offer any other kind of help with this level of tax?

Thanks

Dazed_and_C0nfused

I don't think it's necessarily that they won't agree a plan/time to pay but maybe for large amounts they want to discuss it rather than you just setting up your own arrangement?

https://www.gov.uk/difficulties-paying-hmrc/pay-in-instalments

nekr0mantik

Dazed_and_C0nfused said:

I don't think it's necessarily that they won't agree a plan/time to pay but maybe for large amounts they want to discuss it rather than you just setting up your own arrangement?

https://www.gov.uk/difficulties-paying-hmrc/pay-in-instalments

Ah yeah it says you can call them and ask.

Will see what they say. My self assessment is not yet submitted however so they might ask me to call back after.

[Deleted User]

nekr0mantik said:

Dazed_and_C0nfused said:

I don't think it's necessarily that they won't agree a plan/time to pay but maybe for large amounts they want to discuss it rather than you just setting up your own arrangement?

https://www.gov.uk/difficulties-paying-hmrc/pay-in-instalments

Ah yeah it says you can call them and ask.

Will see what they say. My self assessment is not yet submitted however so they might ask me to call back after.

They will when your account is updated which is normally a few days after submission. Presumably the £30k is due in January 2023, Does this include any payments on account which may also be due on that date? 

In any payment arrangement HMRC will want to know how any payments becoming due within the arrangement timescale are to be financed.

nekr0mantik

[Deleted User] said:

nekr0mantik said:

Dazed_and_C0nfused said:

I don't think it's necessarily that they won't agree a plan/time to pay but maybe for large amounts they want to discuss it rather than you just setting up your own arrangement?

https://www.gov.uk/difficulties-paying-hmrc/pay-in-instalments

Ah yeah it says you can call them and ask.

Will see what they say. My self assessment is not yet submitted however so they might ask me to call back after.

They will when your account is updated which is normally a few days after submission. Presumably the £30k is due in January 2023, Does this include any payments on account which may also be due on that date? 

In any payment arrangement HMRC will want to know how any payments becoming due within the arrangement timescale are to be financed.

yup due Jan and nope not including payment on account. I will be reducing payment on account as it wont be as much this tax year