HMRC has published new guidance Defer
your self-assessment payment on account due to coronavirus (Covid-19) on
deferring the self-assessment second payment on account (POA) for the 2019/20
tax year due to the impact of coronavirus. HMRC has confirmed that it will not charge
interest or penalties on any amount of the deferred POA, provided it is paid on
or before 31 January 2021.Those opting to defer their POA do not need to inform
HMRC. Those who normally make POA by direct debit should cancel their direct
debit as soon as possible to avoid the payment being taken from their account
automatically.
HMRC has published new guidance Defer
your self-assessment payment on account due to coronavirus (Covid-19) on
deferring the self-assessment second payment on account (POA) for the 2019/20
tax year due to the impact of coronavirus. HMRC has confirmed that it will not charge
interest or penalties on any amount of the deferred POA, provided it is paid on
or before 31 January 2021.Those opting to defer their POA do not need to inform
HMRC. Those who normally make POA by direct debit should cancel their direct
debit as soon as possible to avoid the payment being taken from their account
automatically.
