Self Assessment tax returns for the self employed

There are various ways to pay your Self Assessment Tax bill.

Same or next day

• online or telephone banking (Faster Payments)
• CHAPS
• by debit or corporate credit card online
• at your bank or building society

You need a paying-in slip from HMRC to pay at a bank or building society.

3 working days

• Bacs
• Direct Debit (if you've set one up with HMRC before)
• by cheque through the post

5 working days

• Direct Debit (if you have not set one up with HMRC before)

Self Assessment threshold change From tax year 2023 to 2024 onwards, the Self Assessment threshold for customers taxed through PAYE only, will change from £100,000 to £150,000.