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COVID-19 Support: Deferring Self-Assessment Payments on Account

COVID-19 Support: Deferring Self-Assessment Payments on Account

General

Editors Note: This is applicable to payments on account due to be made in July 2020.

If you make Self-Assessment payments on account and are due to make a payment in July 2020, then you have the option to defer payment until January 2021. Further information available on Gov.uk.

If you are in financial difficulty because of COVID-19 and you choose to defer, then you simply do not pay the amount due in July. There isn’t an application process – if HMRC doesn’t receive your payment they will automatically treat it as a deferral and no interest or penalties will be charged on deferred payments, provided it is paid in full by 31 January 2021.

With help filing your self-assessment tax returns, get in touch with our team at SAIL.

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