HMRC has announced that it will move to mandatory direct debit for agreed time to pay arrangements as from 3 August.
Seemingly, only in exceptional circumstances will taxpayers be allowed to pay by any other method.
As per economia, agreed time to pay arrangements are set up under HMRC’s discretionary powers to allow payment of a debt by instalments after the due date, where the taxpayer is genuinely unable to pay by the due date but can commit to agreed payments to sort their tax position out.
HMRC's move to direct debit by default because it is more cost effective and more secure than other payment methods, and ensures that payments are more accurately allocated.
It removes the chance that the taxpayer forgets to make payments.
It also reduces the need for subsequent taxpayer contact, saving time for both parties.
Let us trust that nothing goes wrong with this!
Tax does have to be taxing.
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