Call for evidence outcome

Call for evidence: timely payment

This call for evidence has closed

Read the full outcome

Timely payment: summary of responses

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Detail of outcome

The government is publishing a summary of responses to the call for evidence on more timely tax payment, which explored the opportunities and challenges of more frequent payment of Income Tax under Self Assessment and Corporation Tax under Self Assessment for small companies. The government will not change the timing of tax payments for individuals and small businesses this Parliament, and will work with stakeholders on a pilot to test the calculation of in-year tax liability.


Original call for evidence

Summary

We welcome views on the opportunities and challenges of in-year calculation and payment for Income Tax Self Assessment and Corporation Tax for small companies.

This call for evidence ran from
to

Call for evidence description

As part of the government’s 10-year strategy to build a trusted, modern tax administration system, this call for evidence is the start of a conversation about the benefits and challenges of the current tax payment timings, and for moving to more frequent, in-year tax calculation and payment.

It focuses on Income Tax Self Assessment and Corporation Tax for companies outside the quarterly instalment regime, but welcomes feedback on other taxes.

This call for evidence will be of interest to everyone paying Income Tax and National Insurance contributions outside existing regular payment regimes (such as Pay as You Earn) and those in Corporation Tax Self Assessment who are not within the quarterly instalment payment regime.

We are also interested in the views of advisers and representative bodies of these taxpayers, and wider stakeholders that include finance professionals, software providers, civil society and other voluntary organisations.

Documents

Timely payment - call for evidence

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Updates to this page

Published 23 March 2021
Last updated 30 November 2021 + show all updates
  1. Published a summary of responses to the call for evidence.

  2. First published.

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