Enhanced Time to Pay for Self-Assessment Taxpayers

Posted on 1st October 2020 by Streets

The Government has given the self-employed and other tax payers who pay tax through Self-Assessment more time to pay taxes that were due in July 2020 and that were given the option to defer until January 2021.

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 will not need to be paid in full until January 2022.

For further information please visit: https://www.gov.uk/guidance/defer-your-self-assessment-payment-on-account-due-to-coronavirus-covid-19

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