26 March 2020

As part of the UK government’s economic stimulus during this time of pandemic, HMRC (HM Revenue & Customs) had announced that income tax payments due on the 31 July 2020 may be deferred until 31 January 2021.

This deferment is optional and anyone who choose to pay their 2019/20 second payment on account by 31 July 2020, should still do so.

HMRC will not charge penalties or interests for late payment in the deferral period.

Please contact us if you have any questions.

For more information, please visit HMRC’s website at
https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses#support-for-businesses-through-deferring-vat-and-income-tax-payments