At Mercer & Hole we are working hard to help our clients manage their personal cash flow. During these challenging times individuals may be finding it difficult to make payment due to the impact of the coronavirus.
HMRC have recently issued guidance on the ability to defer payments on account due for payment on 31 July 2020. No application for deferment is required and HMRC will not charge interest or penalties provided the payment is made in full as due by 31 January 2021. Alternative options are available to taxpayers who can of course make their full payment on the normal due date or agree an instalment plan to help them budget over time. Please see here is the link to the full guidance Self assessment payment deferral