The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed.<\/p>\n
The scheme had previously been made available to only the self-employed affected by the Covid-19 pandemic.<\/p>\n
However, HM Revenue & Customs (HMRC) has now updated its guidance so that all Self Assessment taxpayers can defer 31 July tax payments to 31 January 2021.<\/p>\n
The new guidance states: \u201cIf you are due to make a Self Assessment payment on account on 31 July 2020 then you are eligible for the deferment. The deferment is intended to assist Self Assessment taxpayers, including those who are self-employed, who are suffering hardship as a result of the coronavirus.\u201d<\/p>\n
According to the regulator, this is an automatic offer with \u201cno applications required\u201d. However, \u201cthe deferment is optional and any persons still able to pay their second self-assessment payment on account on 31 July 2020 should still do so\u201d.<\/p>\n
The measure forms part of the Government\u2019s emergency support package for individuals and businesses who have been financially affected by the coronavirus.<\/p>\n
In similar moves, HMRC, Companies House and the Charity Commission have called on individuals, businesses, charities and not-for-profit organisations to come forward and apply to delay statutory deadlines should they feel unable to meet them.<\/p>\n
For Self Assessment help and advice, get in touch with our expert team today.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed.<\/p>\n","protected":false},"author":2,"featured_media":3530,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,38,24,79,5,28,41,7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3528"}],"collection":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3528"}],"version-history":[{"count":1,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3528\/revisions"}],"predecessor-version":[{"id":3529,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3528\/revisions\/3529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media\/3530"}],"wp:attachment":[{"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bainesjewitt.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}