HMRC launches self-serve time to pay for VAT
[ad_1] Certain businesses can now set up a VAT payment plan online. As of 31 May 2023, VAT-registered businesses that owe less than £20,000 of VAT can set up a payment plan online. Payment plans are sometimes known as time to pay agreements. A VAT-registered business can set up its VAT payment plan online if […]
Simple assessments: don’t pay twice
[ad_1] HMRC is issuing paper copies of simple assessments including some that have already been paid. ICAEW’s Tax Faculty explains the issue. Between May 2021 and July 2022, taxpayers who had opted for paperless communications from HMRC received their simple assessments (PA302) digitally via their personal tax account. It was not clear that this […]
Pay Employers’ PAYE variable direct debits nine days earlier
[ad_1] HMRC has informed ICAEW’s Tax Faculty of a delay to the processing time to set up any new variable direct debits (DDs) to pay employers’ PAYE from 22 March onwards. HMRC has indicated to ICAEW that employers need to allow extra time to set up any new variable DDs to pay PAYE. This means […]
Make time to pay arrangements online and avoid calling HMRC
[ad_1] Taxpayers that cannot pay their tax bill on time can set up a time to pay arrangement with HMRC. ICAEW’s Tax Faculty highlights the circumstances when this can be done online for self assessment and PAYE. Setting up a time to pay arrangement online for self assessment (SA) has been possible for several years. […]