Deferring your second self-assessment payment to HMRC

HMRC are currently sending out self-assessment statements for payments that are due on 31st July 2020. However, if you are registered in the UK for self-assessment you have the option to defer this payment until a later date.

This applies to those who are finding it difficult to make their second payment on account to HMRC due to Coronavirus. Of course, if you can do so, you should make your usual payment as usual on 31st July.

If you do choose to defer your July payment, HMRC will not charge any penalties or charge you interest as long as it is paid by January 2021. It is important that whether you choose to defer payment or not, you must still submit your Self Assessment tax return to HMRC on time.

Deferring your Payment

If you do decide to defer this payment to HMRC you do not need to inform HMRC. It won't affect your eligibility for any other HMRC Coronavirus support that you may already be receiving from HMRC. This second payment to HMRC must be made on or before 31 January 2021 if you choose to defer.

This payment can also be made at any time between 31 July 2020 and 31 January 2021 using the HMRC online service.

What else do I need to pay by January 31st 2021?

If you are deferring payments until January, you will also need to make sure that the following payments are paid by 31st January 2021:

  • balancing payment due for the 2019 to 2020 tax year
  • first payment on account due for the 2020 to 2021 tax year

Sign in to your online account to check the payments that you need to make towards your next tax bill.

Paying in instalments

If you already have overdue tax that you are paying through the time to pay instalment arrangement and you want to include your second payment on account, you must contact HMRC to arrange this. If you don't currently have any other overdue tax, you can set up a budget payment plan and make your payment in instalments any time between now and 31 January 2021.

Paying by Direct Debit

If you have already set up a direct debit to pay HMRC and you wish to defer your payment, you should cancel this direct debit as soon as possible to prevent HMRC from automatically collecting this payment. If you are registered for online banking you can do this online.

Once the deferral scheme ends, the usual interest, penalties and collection procedures will apply to missed payments.

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