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UK: Self Assessment customers use monthly payment plans to pay £46 million in tax

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More than 20,000 Self Assessment customers have used HM Revenue and Customs (HMRC) online monthly payment plan service since April to spread the cost of their tax bill, totalling £46 million so far, it has been revealed.

Where customers are struggling to pay their bill in full, the self-serve Time to Pay service allows Self Assessment customers to manage how they pay their tax liabilities. Customers can use the online service for tax bills worth up to £30,000 without the need to talk to HMRC. The service will create a bespoke monthly payment plan for the customer based on how much tax is owed and the length of time needed to pay.

Last year, 123,000 customers used self-serve Time to Pay to spread the cost of their 2019 to 2020 tax bill, worth £460 million.

Customers have until 31 January 2022 to complete their tax return for the 2020 to 2021 financial year and pay their bill. If they can’t pay in full, customers can set up their own Time to Pay arrangement online if they:

  • have filed their tax return for the 2020 to 2021 financial year
  • owe less than £30,000
  • are within 60 days of the payment deadline
  • plan to pay their debt off within the next 12 months or less

If customers owe more than £30,000, or need longer to pay, they should call the Self Assessment Payment Helpline on 0300 200 3822.

Myrtle Lloyd, HMRC’s Director General for Customer Services, said:

We understand some customers might be worrying about paying their Self Assessment bill this year, and we want to support them. To see if you’re eligible to set up a payment plan, go to GOV.UK and search ‘pay my Self Assessment’.

Self-serve Time to Pay is just one way customers can pay their Self Assessment tax bill, a full list of alternative payment methods is available on GOV.UK.

HMRC urges everyone to be alert if they are contacted out of the blue by someone asking for money or personal information. Customers should always type in the full online address (www.gov.uk/hmrc) to get the correct link for filing their Self Assessment return online securely and free of charge. HMRC sees high numbers of fraudsters emailing, calling or texting people claiming to be from the department. If in doubt, HMRC advises not to reply directly to anything suspicious, but to contact them straight away and to search GOV.UK for ‘HMRC scams’.

Further information

Latest self-serve Time to Pay figures are for arrangements set up in the 2020 to 2021 financial year and are up to 28 November 2021.

Figures for the 2019 to 2020 financial year are from 1 October 2020 to 31 March 2021.

Find out more about how to declare taxable COVID-19 support in your tax return if you are self-employed, in a partnership or run a business.

If this is your first time completing an online tax return, you may be asked additional questions to prove your identity. To answer these questions, please have as many of the following to hand where relevant, when making your claim:

  • your UK passport
  • Northern Ireland (DVA – issued) driving licence
  • information held on your credit file (such as loans, credit cards or mortgages)
  • your Self Assessment tax return (within the last 3 years)
  • your tax credit claim
  • your P60
  • one of your 3 most recent payslips

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From Mu, Delta, IHU to NeoCov, here is a list of the many variants of coronavirus

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From Mu Delta IHU to NeoCov here is a list of the many variants of coronavirus

 

The deadly coronavirus emerged from a wet market in Wuhan during the year 2019. Over two years and the world is still battling the virus and its variants. Here is a list of the variants

Mu variant

The ‘Mu’ variant was first reported in the United States during January 2021. The cases only numbered in the single digits.

The World Health Organisation continues to classify ‘Mu’ as a ‘variant of interest’ globally.

 

Alpha variant

The Alpha variant of coronavirus is believed to have gained ‘skills’ to successfully block the ‘innate immune system response.’

A research states that the variant blocks the airways sensors, thus stopping the process where these sensors ‘warn’ the immune system about the presence of a virus in the body.

Since the variant has learnt how to block the functioning of the sensors, the body is unable to produce any anti-viral protein interferon.

 

Beta variant

A scientist from the London School of Hygiene and Tropical Medicine and a member of Sage claimed, John Edmunds, warned that the Beta variant  may be able to evade Covid vaccines.

“The Beta variant has remained a threat throughout. It is probably less infectious than the Delta variant that is spreading here in the UK at the moment. Where it has an advantage is that it is able to escape the immune response to a better extent,” he said.

 

Gamma variant

The Gamma variant was first discovered in Brazil.

Samples of a study collected in Manaus between November 2020 and January 2021, highlighted that the Gamma variant is 1.4–2.2 times more transmissible.

It further showed that it is capable of evading 25–61 per cent of inherited immunity from previous coronavirus diseases.

 

Lambda variant

The variant was first reported in Peru during December 2020. As per NHS, the main symptoms include high temperature, continuous cough, a loss or change in the sense of smell or taste.

 

ALSO READ: 4 covid safety behaviours the NHS is asking people to do as Plan B restrictions lifted

 

 

The Delta variant of coronavirus was responsible for a wave of cases in most countries. It was first identified in India and it led to a second wave in the nation.

 

Delta variantCDC claimed that the Delta variant is twice as contagious as earlier variants; and might could cause more severe illness.

Those affected by the Delta variant experience fever, cough, loss of taste, smell, as well as extreme tiredness. Sore throat, headache and diarrhea are also less common symptoms.

 

 

 

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Binatone launches new rechargeable fans, blenders in Nigeria

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Electronics manufacturing firm, Binatone Nigeria has launched new rechargeable fans into the Nigerian electronic market along with two new models of blenders and steam irons.

Managing Director of Global Appliances Nigeria Limited, distributors of Binatone products in Nigeria, Mr Prasun Banerjee said in a statement that the new rechargeable fans were of high quality designed to run on battery for up to five hours on high speed.

“The RCF -1855 rechargeable standing fan is a high quality fan designed to run on battery for up to 5 hours on high speed, and up to 10 hours on low speed, with up to nine speed controls and a timer that can run for up to nine hours. The rechargeable fan is really an energy efficient solution to the power problems mostly found in the Nigerian household,” he stated He said the new blenders and irons were cost effective and available in all parts of the country. He said the blenders are the newest entries into the affordable range of top quality of blenders in the Nigerian appliances market stressing that the product provides the high quality Binatone assurance along with the comfort of affordability and accessibility.

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“They are built with overheat protection technology along with a 300-Watt Long Life turbo motor which is sure to ensure users get the best value for your money. These blender jugs come with the Binatone proprietary unbreakable jugs while the SI – 1830 steam iron comes with non-stick ceramic base for easy gliding over fabric, with a variable steam burst to protect your fabric and provide the most hands-on ironing experience,” he noted. Stressing that all Binatone products comes with a two year warrantee, Mr Banerjee disclosed that the company maintains an efficient after sales service across Nigeria.

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Akande presents horse to Oyetola

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Former governor of Osun State and first interim National Chairman of the All Progressives Congress (APC), Chief Bisi Akande, on Thursday evening presented a horse to Osun State Governor Adegboyega Oyetola adding that the governor should ride the animal to power.  Governor Oyetola had after his strategic engagement tour of Ila Federal Constituency, visited Baba Akande at his residence in Ila.

The tour was part of the statewide consultation to the nine Federal Constituencies in Osun through which the governor has been fraternising with the newly elected APC executives at the wards and local government levels. The visit was also to inform them and party members of his intention to participate in the party’s forthcoming primaries in preparation for the July governorship election.  The highly symbolic presentation of the horse to Governor Oyetola by Chief Akande was seen as a declaration of unalloyed support for the person and candidature of Oyetola.

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Horse, political pundits say, symbolises strength, power, freedom, triumph, heroism, nobleness, stamina, tireless, confidence and intelligence.

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