Delay your January 2020 tax bill by up to 14 months! (Deadline 30 December 2019)
COLLECTING UNPAID TAX FOR 2018/19 THROUGH YOUR PAYE CODING
Under certain circumstances it is possible to arrange the collection of unpaid tax through your PAYE coding rather than making a balancing payment on 31 January. This will depend upon the amount outstanding and the amount of income taxable under PAYE. There is a further condition that the return is submitted to HMRC online before 30 December 2019 in order that the 2018/19 tax may be collected by amending the 2020/21 PAYE coding.
Paying through your PAYE coding means that HMRC are not able to charge you interest/late payment penalties if itβs collected this way instead!
So please get your tax return information to us as soon as possible if you would like to take advantage of this facility.
#TaxSwag