Self-Assessment Tax Payments

HMRC have been writing to as many self-assessment registered individuals as possible, instructing them that the July 2020 payment on account (POA) has been automatically deferred to January 2021, so that late payment while COVID19 is still an issue will not be penalised with interest charges.

However, please do note that this might mean that your January amount, which will include both the July 2020 POA and also the January payment as well, may be higher than you had planned for. If this possibility concerns you, please contact us so that we can discuss this with you.