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Unpaid Self Assessment Tax Surcharge Imminent


If you have not made arrangements to settle your outstanding self-assessment tax, which was due for payment on 31 January 2015, penalties could be levied by HMRC.  In order to avoid a 5% surcharge being levied on your balancing payment for 2013/14, payment will need to be made no later than 2 March 2015.  HMRC is taking a very stringent approach with taxpayers with little clemency for late payment. The easiest method to settle the outstanding tax is via online banking.

How to Pay

  • Tax reference (this is your 10 digit UTR plus K)
  • HMRC account number: 12001020
  • HMRC Sort Code: 08-32-10

If you will be sending a cheque to HM Revenue and Customs (HMRC), it must clear the account by 2 March 2015 in order to avoid the 5% surcharge.

Unable to settle the outstanding self-assessment tax?

If you are unable to settle the outstanding balance by 2 March you should contact HM Revenue and Customs (before 27 February) to arrange a ‘Budget payment plan’. HM Revenue and Customs will require you to provide information as to why you are unable to make the payment in full and if successful they will provide you with a payment plan. In addition to this, if the plan has been set up before 2 March the 5% surcharge will be cancelled and will only fall back into charge if the payment plan has not been adhered to.

To arrange for a payment plan, please call 0300 200 3822

If you would like to discuss this further, or have any general tax queries, contact our tax department on 01792 466428