Updates to the guidance on deferrals of Self-Assessment payments on account due to coronavirus

Taxpayers who found it difficult to make their second payment on account by 31 July 2020 due to the impact of coronavirus (COVID-19) were allowed to defer that payment. If they pay their deferred July 2020 payment on account any time up to 31 January 2021, there will be no interest or penalty on the deferred amounts.

The guidance also sets out:

• What self-assessment statements will include depending on which returns and payments have been made

• the ways in which a taxpayer can make payment to HMRC

• what to do if a taxpayer is not able to make payments on time, and

• how to apply to HMRC to reduce payments on account for the 2020–21 tax year

See Simon’s Taxes E1.251

Source: Defer your Self Assessment payment on account due to coronavirus (COVID-19)