Payments due on the 31 July 2020 will be deferred until the 31 January 2021.
Eligibility
Applies to all taxpayers due to pay a second payment on account
How to access the scheme
This is an automatic offer with no applications required.
HMRC have stated that if you are able to make the July payment to avoid a larger payment in January 2021 then you should do so.
No penalties or interest for late payment will be charged in the deferral period.
HMRC have also scaled up their Time to Pay offer to all firms and individuals who are in temporary financial distress as a result of Covid-19 and have outstanding tax liabilities.
Self assessment tax returns should still be filed by their due date and it may be advantageous to file your 2019/20 return as soon as possible after 5 April 2020.
