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SELF ASSESSMENT – WAYS TO PAY

Make sure you pay HM Revenue and Customs (HMRC) by the deadline. You’ll be charged interest and may have to pay a penalty if your payment is late.

Ways to Pay

1. Bank details for online or telephone banking, CHAPS, Bacs You can make a transfer from your bank account by Faster Payments, CHAPS or Bacs. Your bill will tell you which account to pay in to. Account details to use
Sort code 08 32 10
Account number 12001039
Account name  HMRC Cumbernauld

What you’ll need

You’ll need to use your 11-character payment reference when you pay. This is your 10-digit Unique Taxpayer Reference (UTR) followed by the letter ‘K’.

How long it takes

Payments by Faster Payments (online or telephone banking) usually reach HM Revenue and Customs (HMRC) on the same or next day, including weekends and bank holidays. CHAPS payments usually reach HMRC the same working day if you pay within your bank’s processing times. Bacs payments usually take 3 working days.


2. By debit card online You can pay online at the following address: https://www.tax.service.gov.uk/pay-online/self-assessment

What you’ll need

You’ll need to use your 11-character payment reference when you pay. This is your 10-digit Unique Taxpayer Reference (UTR) followed by the letter ‘K’.

 IF YOU CANNOT PAY YOUR SELF ASSESSMENT TAX BILL

You can set up a payment plan to spread the cost of your latest Self Assessment bill if:

you owe £30,000 or less
you do not have any other payment plans or debts with HMRC
your tax returns are up to date
it’s less than 60 days after the payment deadline
You do not need to contact HMRC if you set up a payment plan online.

Call the Self Assessment helpline if you’re not eligible for a payment plan or cannot use the online service.

Self Assessment Payment Helpline
Telephone: 0300 200 3822
Monday to Friday, 8am to 4pm (closed on bank holidays) 

We thought we should have something nice on our website for Christmas!

Below is a link to the Yvonne Gray School of Dance video

Christmas Video

Happy Christmas

Best wishes for 2021

HIGHLIGHTS

  • No tax announcements, although the Chancellor noted that “we have a responsibility … to return to a sustainable fiscal position”.
  • Government borrowing projected to be £394 billion in 2020/21 before stabilising at around £100 billion from 2023/24 onwards. Total debt to remain over 100% of GDP.
  • The Office for Budget Responsibility (OBR) says that “a fiscal adjustment of £27 billion” will be needed as a minimum in the medium term.
  • New UK Infrastructure Bank to be established in the north of England to start work in spring 2021.
  • Public sector pay to be frozen for a year, other than for NHS employees and those earning less than £24,000 a year.
  • National Living Wage to increase by 2.2% to £8.91 an hour from April 2021 and the minimum age at which it applies is reduced to 23.
  • Overseas aid to be cut from 0.7% of GDP to 0.5% in 2021.

Full details are available by downloading the attached file Spending_Review_2020.pdf

What does this involve?

The Scottish Government has announced £40 million in funding for businesses and employees in Scotland affected by the temporary coronavirus (COVID-19) brake restrictions that came into effect from 9 October 2020.

The support funds will be administered by local authorities, providing one-off grants to hospitality and other businesses required to close by the brake restrictions regulations. Applications open on 20 October 2020

Click here to see full details and application procedures