The deferment of self assessment tax in July 2020 originally marked as for “the self employed” has been expanded to encompass all tax payers needing to make a self assessment payment in July. However, the deferment is optional with the recommendation that if you are able to settle your second payment on the due date you should do so.
This makes the scheme far easier to administer and I believe was as it was originally intended.
You are eligible if you are due to pay your second self-assessment payment on account on 31 July. You do not need to be self-employed to be eligible for the deferment. The deferment is optional. If you are still able to pay your second payment on account on 31 July you should do so.
How to access the scheme
This is an automatic offer with no applications required. No penalties or interest for late payment will be charged if you defer payment until January 2021.
(Important Notice – Details correct at time of publication. It is recommended that you check the GOV.UK website for the very latest information)
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