Last year, HMRC gave people who were registered for Self Assessment, the option to defer their second payment on account, due to the pandemic.
If you chose to defer your 31 July 2020 payment, then it is due in full by 31 January 2021. If you pay by 31 January you won’t incur any interest or penalty charges.
If you can’t make your Self Assessment payments, then we recommend you contact HMRC as soon as possible, as you may be able to set up a Time to Pay arrangement.
If you would like to talk through your options or would like further help with this, please get in touch with us or call 01202 717867. We’re here to support you.
