Struggling with your tax bill? You may be able to pay in instalments.
While the Self Assessment deadline for filing and paying tax isn’t until 31 January 2026, getting organised early(ish!) can make a big difference — particularly if you think you might need some flexibility with payments.
HM Revenue & Customs (HMRC) offers a Time to Pay facility that allows Self Assessment taxpayers to spread the cost of their tax bill over manageable monthly instalments, once their return has been submitted.
Since 6 April 2025, nearly 18,000 people have already set up payment plans, helping them stay on track without facing late-payment penalties.
Here are some key things to keep in mind:
- If you owe £30,000 or less, you can apply online without needing to call HMRC.
- Your tax return must be filed before you can set up a plan.
- Payments are tailored to your individual financial circumstances.
- Interest is charged on any outstanding balance, so paying sooner will reduce the overall cost.
Used properly, HMRC’s Time to Pay scheme can provide valuable breathing space and help you stay compliant without unnecessary stress.
If you’re unsure whether this option could work for you, or you’d like help planning for your January tax bill, please get in touch. We can review your position early and help you decide on the best way forward for you and your business.
See more: https://www.gov.uk/government/news/hmrc-offers-time-to-help-pay-your-tax-bill
e: office@londonaccountants.co t: 0203 137 9791
Kind Regards,
The Team at London Accountants
