Taxpayers were able to defer the income tax self-assessment payment on account for 2019/20, due by 31 July 2020, to 31 January 2021.

There are also other amounts due on 31 January 2021 – a balancing payment for the 2019/20 tax year and the first payment on account for the 2020/21 tax year.

Taxpayers with up to £30,000 of self-assessment liabilities due will be able to use HMRC’s self-service Time to Pay facility to secure a plan to pay over an additional 12 months.

This means that self-assessment liabilities due in July 2020, and those due in January 2021, will not need to be paid in full until January 2022. Any self-assessment taxpayer not able to pay their tax bill on time, including those who cannot use the online service, can continue to use HMRC’s Time to Pay self-assessment helpline to agree a payment plan.

How we can help

Further technical details of the schemes will be published by the government but no date has been announced as to when.

Please be assured we will be here to provide you with support and please contact us if you have any queries on the measures announced.