How to Pay Your Self-Assessment Tax Bill
As we approach the self-assessment deadline, it's essential to understand the various ways you can pay your self-assessment bill.
Whether you prefer online methods or more traditional manual options, there are several ways to ensure your payment reaches HM Revenue and Customs (HMRC) on time. Additionally, using your Government Gateway account can streamline the process and provide you with valuable tools for managing your tax affairs.
But we are here to help – so please ask.
Ways to Pay Your Self-Assessment Bill
Online Payment Methods (Pay your Self Assessment tax bill: Overview - GOV.UK)
Direct Debit: You can set up a Direct Debit through your HMRC online account. This method allows you to make regular payments towards your tax bill, ensuring you stay on top of your obligations without the hassle of manual payments.
Online or Telephone Banking: Make a transfer from your bank account using Faster Payments, CHAPS, or Bacs. You'll need HMRC's bank details and your payment reference number (Your Tax nr)
Debit or Corporate Credit Card: Pay your bill online using a debit or corporate credit card. This method is quick and convenient, allowing you to settle your tax bill instantly.
HMRC App: You can also use the HMRC app to pay your bill through your bank’s app or using online banking.
Manual Payment Methods
At Your Bank or Building Society: Pay by cash or cheque at your branch. Make cheques payable to 'HM Revenue and Customs only' followed by your payment reference number.
By Cheque Through the Post: Send a cheque to HMRC. Ensure you include your payment reference number and allow enough time for the cheque to reach HMRC before the deadline.
Using Your Government Gateway Account
Your Government Gateway account is a valuable tool for managing your self-assessment tax affairs. Here’s how you can use it to pay your self-assessment bill:
Log In: Access your Government Gateway account by visiting the official HMRC website. If you don’t have an account yet, you can create one by following the on-screen instructions.
Navigate to Self-Assessment: Once logged in, select ‘self-assessment’ from the available services.
Make a Payment: Choose the ‘make a payment’ option. Enter the amount you owe and select your preferred payment method. Follow the instructions to complete the payment.
Set Up a Budget Payment Plan: If you prefer to pay in instalments, you can set up a Budget Payment Plan through your Government Gateway account. This allows you to make regular payments towards your tax bill, helping you manage your finances more effectively >> Pay your Self Assessment tax bill: Pay weekly or monthly - GOV.UK
By utilising your Government Gateway account, you can easily keep track of your tax obligations, view your payment history, and ensure that your payments are made on time. This not only simplifies the process but also provides peace of mind knowing that your tax affairs are in order.
If you have any questions or need further assistance, please do not hesitate to contact us. We are here to help you navigate the self-assessment process and ensure that your payments are made smoothly and efficiently.