Self-employed given ‘more breathing space’ to pay self-assessment

(2 minutes to read)

HMRC estimates around 95% of those who are due to make self-assessment payments on 31st January 2021 could qualify to implement a Time to Pay arrangement using the self-serve facility online, without needing to speak to their advisers.

The self-employed can now apply online for additional support to help spread the cost of their tax bill into monthly payments, without the need to call HMRC.

With many contractors suffering financially due to the pandemic, the government has said it’s providing this extra help in order to increase its support for businesses and individuals through the uncertain months ahead.

The Time to Pay online payment plan service could already be used to set up instalment arrangements for paying tax liabilities up to £10,000. Now, HMRC has increased the threshold to £30,000 for self-assessment customers, to help ease any potential financial burden they may be experiencing due to the Coronavirus pandemic.

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Financial Secretary to the Treasury, Jesse Norman, said, “We are supporting jobs by giving more breathing space to up to 11 million self-assessment taxpayers when managing their tax affairs.

“Enhancing Time to Pay should ease the financial burdens and protect the livelihoods of these taxpayers, as they navigate the months ahead.”

Those who wish to set up their own self-serve Time to Pay arrangements must meet the following requirements:

  • They need to have no: outstanding tax returns, other tax debts or other HMRC payment plans set up.
  • The debt needs to be between £32 and £30,000
  • The payment plan needs to be set up no later than 60 days after the due date of a debt.

Customers using self-serve Time to Pay will be required to pay any interest on the tax owed. Interest will be applied to any outstanding balance from 1st February 2021.

To find out more about contracting please contact Jaime on 01442 795 100 or email

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Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email or