The self-assessment tax return Income Tax payment on account due by 31st July, 2020 is allowed to be deferred to January 2021 under the UK government’s COVID-19 pandemic support. Here, we discuss whether it should be as obvious choice as it seems.
Overview Your tax return should still be filed on timeYou do not need to apply for the defermentTo take advantage, direct debit must be cancelledYou will not be charged penalties or interest for the deferral periodYou don’t have to be self-employed to defer In Depth Firstl...
Why Submitting Your 2020/21 Self-Assessment Tax Return Now Could Save You Money And Don't Forget The Deferment Of 31st July Payment On Account
July 13, 2020
Self-Assessment Tax Return Filing and Payment On Account Deferment
If you are considering deferring your Income Tax payments on account due in July 2020 then you should also consider filing your tax return now. If you believe you have if your profit is likely to be lower than last year your payment on account will have been calcu...
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