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Deferral of payments on account

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HMRC’s updated guidance Defer your self-assessment payment on account due to coronavirus (Covid-19)’ notes that June 2020 self-assessment statements showed 31 January 2021 as the due date for paying the July 2020 payment on account (POA). This is because HMRC updated its IT systems to prevent taxpayers incurring late payment interest on any July 2020 POA paid between 1 August 2020 and 31 January 2021. The deferment has not been applied for all taxpayers by HMRC and it remains optional.
Issue: 1496
Categories: News