In normal times we have regular January traditions –
- Comparing Christmas experiences
- Joining the gym
- Dieting
- Being skint
- Dry January
And the best of all ……
The January 31 tax payment – lovingly waiting for you after Christmas, and this year it’s perfectly timed after 10 months of Covid.
Not only that, but the July 31 2020 tax payment was postponed until the end of January 2021 as well. ??
So that’s even more money to find ?
What if you can’t pay it or want to use the money for something else, perhaps something frivolous like food
Well …..this year…… for the first time …. if you owe no more than £30K, your tax returns are filed up to date, and you don’t owe any other tax, you can apply online to pay over 12 months.
You can even select the level of payments.
Another example of HMRC creeping slowly into the 21 st century. They hope to all have emails one day as well. (seriously)
Next time I will reveal how to possibly reduce those pesky tax payments. Bet you can’t wait ?
Do you want to pay your tax over 12 months?
Do you actually know your tax bill?