self assessment deferral

Self Assessment Payment Deferrals

The self assessment second payment on account (due 31st July, 2020) can be deferred until 31st January 2021.

You have this option if you’re:

  • registered in the UK for Self Assessment and
  • finding it difficult to make your second payment on account by 31 July 2020 due to the impact of coronavirus

You can still make the payment by 31 July 2020 as normal if you’re able to do so.

The June 2020 Self Assessment statements showed 31 January 2021 as the due date for paying the July 2020 Payment on Account. This is because HMRC updated their IT systems to prevent customers incurring late payment interest on any July 2020 Payment on Account paid between 1st August 2020 and 31 January 2021. The deferment has not been applied for all customers by HMRC and it remains optional.

HMRC will not charge interest or penalties on any amount of the deferred payment on account, provided it’s paid on or before 31 January 2021.

How to defer

You do not need to tell HMRC you are deferring and if you normally make payments through Direct Debit then you should cancel this with your bank.

After the deferral ends

The usual interest, penalties and collection procedures will apply to missed payments. If you are still struggling to pay your tax bill by 31st January, 2021 then you can find help through

If you are still struggling to pay your tax bill by 31st January, 2021 then you can find help through HMRC’s time to pay service.

You do not have to defer and can still pay your second payment on account by 31st July, 2020.

If you need further advice speak to AJR & Co Ltd

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