HMRC wants me to repay tax quicker

By This Is Money
Updated:

 

I have an unpaid tax bill of about £5,000.

A person filling out a Self Assessment form

I have offered to repay £50 a month, but HM Revenue & Customs says I have to pay more.

Now they want me to do another self-assessment form. Is this right? R.S., Newport.

Margaret Stone, the Daily Mail's Money Doctor, replies: I am afraid so.

HMRC will allow you to pay an outstanding tax bill over time — called a 'time to pay agreement', but it first needs to know all your incomings and outgoings.

This is why it needs a new self-assessment form.

It's likely you will have to compromise and pay more than the £50 you have offered.

This Ask an Expert question was originally published in Money Mail

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