Can’t Pay Your Self Assessment Tax Bill?

If you can’t pay your Self Assessment tax bill that was due for payment on 31st January 2025 and need help, you should contact HMRC as soon as possible.
For Self Assessment, you may be able to set up a payment plan online. This will enable you to pay your Self Assessment tax bill in instalments without contacting HMRC.
You can set up a payment plan to spread the cost of your latest Self Assessment bill online without calling HMRC if:
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- you owe £30,000 or less
- you do not have any other payment plans or debts with HMRC
- your tax returns are up to date
- it’s less than 60 days after the payment deadline
Alternatively call the Payment Support Service on 0300 200 3835
The deadline for this arrangement ends 1st April 2025, so don’t delay.
To add interest will continue to accrue on any unpaid tax and the current late payment interest rates that HMRC currently charges are 7.0% from 25 February 2025.
Furthermore if you delay paying your tax by:
30 days — you’ll have to pay a 5% surcharge of the tax you owe at that date. Deadline is 2nd March 2025
6 months — you’ll have to pay a further penalty of 5% of the tax you owe at that date.
12 months — you’ll have to pay a further penalty of 5% of the tax you owe at that date.
Get In Touch
If you require any assistance with your tax affairs, then please contact your local Whitings office today.
Disclaimer - All information in this post was correct at time of writing.