Almost 25,000 Self Assessment customers have set up an online payment plan to manage their tax liabilities in monthly instalments.

According to HMRC, these payment plans total £69.1 million.

HMRC increased the threshold for self-serve Time to Pay arrangements from £10,000 to £30,000 for Self Assessment customers in October, as part of its Covid-19 response.

Once individuals have completed their 2019-20 tax return and know how much tax they owe, they can use the self-serve facility to set up monthly direct debits and spread the cost of their tax bill.

The self-serve Time to Pay threshold was increa...