Income Tax payments deferred for COVID-19 Crisis

If you’re self-employed, Income Tax payments due in July 2020 under the Self-Assessment system will be deferred to January 2021

 

 

• Income Tax Deferral COVID-19 - For Income Tax Self-Assessment, payments due on the 31 July 2020 will be deferred until the 31 January 2021. For Income Tax Self-Assessment, payments due on the 31 July 2020 will be deferred until the 31 January 2021.

 

• Eligibility for Income Tax Deferral COVID-19 - If you are self-employed you are eligible.

 

 

 

How to access the scheme

 

  • This is an automatic offer with no applications required.

 

  • No penalties or interest for late payment will be charged in the deferral period.

 


Date available:

Tax payments due in July 2020 - deferred to January 2021

Tax payments due 31 July 2020 will be deferred until the 31 January 2021

 

Application process: Automatic offer - no applications required

 

 

Author of this COVID-19 Business Support Hub Article

East Midland Chamber Derbyshire, Nottinghamshire, Leicestershire

Whatever the sector, shape or size of your organisation, our primary focus is to help you thrive. At the Heart of East Midlands Business News and Events.

More About East Midlands Chamber

 

East Midland Chamber

Helping your business grow – the Chamber connects you to funding, skills, new people, expert help and provides a platform where you and your business can flourish.

Connecting you and your business – the Chamber helps you access hundreds of opportunities to meet and connect with businesses in the East Midlands every year.

Providing access to skills – the Chamber can provide you with expert analysis of your current situation, connect you with fully- or partially-subsidised training or even introduce you to new talent.

Reaching and influencing the right person – the Chamber is an authoritative body which has the status and mandate to ensure your voice is heard by the right people.

International expertise – the Chamber’s award-winning International Trade team can help enable businesses at all stages of the export journey - from start-ups to multinationals - to be successful in overseas markets.

 

How to get in touch with East Midlands Chamber

www.emc-dnl.co.uk

 

COVID-19 Business Support Hub

These are challenging times for business and although our ethos is to only shout about good news, we've created COVID-19 Business Support Hub on the Love Business the website to support you with expert tips, advice and ideas from your fellow businesses to help you get through this COVID-19 crisis. 
 

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