Posted 23/02/2021 In Advice, Blog, News 2021-02-232021-02-23https://www.wrightvigar.co.uk/wp-content/uploads/2017/01/wright-vigar-logo.pngWright Vigarhttps://www.wrightvigar.co.uk/wp-content/uploads/2017/01/wright-vigar-logo.png200px200px 1 0 Due to the current circumstances, self-assessment taxpayers have been granted an additional 4 weeks (until 1 April) to pay tax or set up a payment plan with HMRC without being charged the usual 5% late payment fee. The ‘Time to Pay’ arrangement allows taxpayers to set up a payment plan to pay their taxes in monthly instalments up to January 2022. HMRC also highlights that SA taxpayers making Payments on Account who know their 2020/21 tax bill is going to be lower than in 2019/20 bill can take action now to reduce their payments. HMRC has urged any taxpayers worried about paying their tax and unable to set up a payment plan online to call 0300 200 3822 for support. Recent PostsOlympic-Inspired Journey: A Fundraising Success for Local HospicesHMRC’s Latest Crypto Nudge Letters are not to be ignored: What You Need to KnowSuccession Planning for Family Businesses: Securing the Future