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HMRC alert for self-employed Brits ahead of looming January deadline
HMRC urges taxpayers to apply for Time to Pay plans to manage up to £30,000 in tax bills and avoid penalties before the January 31 deadline.
- With less than two months until the Self Assessment deadline, HM Revenue and Customs is contacting millions of workers for the 2024 to 2025 tax year, reminding them January 31, 2026 is the filing deadline.
- Facing festive-season strain, many taxpayers are being told HMRC's Time to Pay service allows spreading liabilities into monthly instalments to ease financial pressure.
- Since 6 April 2025, approximately 18,000 payment plans have been established, and customers can set up online plans for bills up to 30,000.
- Filers should note they must submit their return before setting up Time to Pay, while late filers face £10 daily penalties capped at £900, HMRC says.
- With more than 11.5 million filing last year, HMRC points to Child Benefit claimants now able to pay the High Income Child Benefit Charge via the new PAYE digital service.
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24 Articles
24 Articles
Ilkley Gazette+21 Reposted by 21 other sources
HMRC warns millions of 'fast approaching' deadline with £900 fine
With less than two months until the Self Assessment deadline, HM Revenue and Customs (HMRC) is urging people filing their tax return for the 2024 to…
·Ilkley, United Kingdom
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Total News Sources24
Leaning Left0Leaning Right0Center22Last UpdatedBias Distribution100% Center
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