UK taxpayers that file a tax return will need to pay a variety of self-assessment tax and NIC liabilities that will fall due at the end of January 2021. They include:
- The second payment on account for 2019-20 if deferred when first due 31 July 2020.
- Any balance of taxes unpaid for 2019-20
- The first payment on account for 2020-21
The second two amounts will have been quantified when your self-assessment tax return was filed for 2019-20.
If you have concerns that you will not have sufficient funds to meet these liabilities on 31 January 2021, it is possible to negotiate under HMRC’s time to pay scheme. On their website HMRC offer the following advice:
If you cannot pay your Self-Assessment tax bill
You can set up a payment plan to spread the cost of your latest Self-Assessment bill if:
- 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
You do not need to contact HMRC if you set up a payment plan online. Call the Self-Assessment helpline if you’re not eligible for a payment plan or cannot use the online service.
Self-Assessment Payment Helpline
Telephone: 0300 200 3822
Monday to Friday, 8am to 4pm
Find out about call charges
If you cannot pay other taxes
You might be able to set up a Time to Pay Arrangement with HMRC if you’re unable to pay any other taxes in full. This lets you spread the cost of your tax bill by paying what you owe in instalments.
How you do this depends on whether you’ve received a payment demand.
If you’ve received a payment demand, like a tax bill or a letter threatening you with legal action, call the HMRC office that sent you the letter. If you’ve not received a bill or letter, call the Payment Support Service.
Payment Support Service
Telephone: 0300 200 3835
Monday to Friday, 8am to 4pm
Find out about call charges
