As the Self-Assessment Income Tax deadline looms (31 January), HMRC has revealed that many people have opted into a scheme to pay their tax bills in installments.
Nearly 44,800 people have sorted their tax bills totalling almost £148 million, by setting up a monthly payment plan called
The monthly plan to pay in installments is open to those who owe less than £30,000 and who apply within 60 days of the payment deadline. However, anyone with other payment plans or debts with HMRC is unlikely to be eligible.
There is an affordability checker on the HMRC web pages to guide you further. Interest will be applied to any outstanding balances from 1 February.
