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Deferral of Self-Assessment tax: COVID-19

Online Account Filing

Online Account Filing | May 22, 2020

Deferral of Self-Assessment tax: COVID-19 | Online Account Filing

In order to ease out the financial burden on the taxpayers, the government has loosened the self-assessment payment deadline. Taxpayers in the UK required to pay self-assessment tax and have second payment on account to be paid can choose to defer of self-assessment tax payment until 31 January. HMRC will not charge any interest or penalties on any such deferral.

Eligibility

All the UK taxpayers whose second payment on account liability falls due as on 31 July 2020 or those who have existing time to pay arrangement with HMRC shall be eligible for deferral.

How to defer self-assessment tax payment?

Deferral of self-assessment tax payment is an automatic offer. NO application is required.

Online Account Filing

Online Account Filing | May 22, 2020

Note: Please note that the content of the above article and the aforementioned information are solely for the purpose of awareness and are informative in nature. The content is designed with intent to ease the understanding while preserving the essence and importance of the compliance rules and shall not be considered as an ultimate replication of the rules. Online Account Filing does not own any responsibility whatsoever for any unpleasant event that may arise due to the misinterpretation of a specific part or whole of the information.
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