{"id":3940,"date":"2020-03-23T14:24:49","date_gmt":"2020-03-23T14:24:49","guid":{"rendered":"http:\/\/my-brains.co.uk\/jackross\/?p=3940"},"modified":"2022-05-18T12:35:40","modified_gmt":"2022-05-18T11:35:40","slug":"covid-19-self-assessment-income-tax-deferral-scheme-20-march-2020","status":"publish","type":"post","link":"https:\/\/my-brains.co.uk\/jackross\/covid-19-self-assessment-income-tax-deferral-scheme-20-march-2020\/","title":{"rendered":"Covid-19 Self Assessment Income Tax Deferral Scheme &#8211; 20 March 2020"},"content":{"rendered":"<p>On 20<sup>th<\/sup> March 2020, the Chancellor of the Exchequer, Rishi Sunak, announced several measures to help businesses across the UK who will be affected by the Covid-19 coronavirus.<\/p>\n<p>The situation is changing daily and there is scant <em>detailed <\/em>information coming from the government. We will be keeping our website up to date and ensuring we give you the latest information in a simple and easy to understand manner.<\/p>\n<p><strong>Covid-19 Income Tax &#8211; Self Assessment Deferral Scheme \u2013 20 March 2020<\/strong><\/p>\n<p>For Income Tax Self-Assessment, payments due on the 31 July 2020 will be deferred until the 31 January 2021 and this applies to everyone who is self-employed.<\/p>\n<p>This is an automatic offer with no applications required. The government has stated that no penalties or interest for late payment will be charged in the deferral period.<\/p>\n<p>HMRC have also scaled up their Time to Pay offer to all firms and individuals who are in temporary financial distress as a result of Covid-19 and have existing outstanding tax liabilities.<\/p>\n<p><strong>Time to Pay Scheme &#8211; Existing liabilities and Liabilities coming due imminently<\/strong><\/p>\n<p>If you have missed a tax payment or you might miss your next payment due to COVID-19, please call HMRC\u2019s dedicated helpline: 0800 0159 559.<\/p>\n<p>When you call HMRC, have details of your self-assessment reference number, along with details of the liability that you wish to defer.<\/p>\n<p><strong>Time to Pay Scheme &#8211; Future liabilities<\/strong><\/p>\n<p>HMRC have said that you should call either when the existing liability is overdue, or is due imminently. If you have worried about July\u2019s payment on account, this is now automatically deferred (see above), and if you are worried about the liability due in January 2021, HMRC will offer further support closer to the time.<\/p>\n<p><strong>Keep updated<\/strong><\/p>\n<p>The situation is changing rapidly. This was the third significant announcement by the Chancellor in 10 days. Subscribe to our Covid-19 newsletter below to keep yourself updated.<\/p>\n<p><!-- Begin Mailchimp Signup Form --><\/p>\n<style type=\"text\/css\">\n\t#mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }<br \/>\n\t\/* Add your own Mailchimp form style overrides in your site stylesheet or in this style block.<br \/>\n\t   We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. *\/<br \/>\n<\/style>\n<div id=\"mc_embed_signup\">\n<form id=\"mc-embedded-subscribe-form\" class=\"validate\" action=\"https:\/\/jackross.us17.list-manage.com\/subscribe\/post?u=79de96cc27e66969dd070fdd6&amp;id=df2320c0f1\" method=\"post\" name=\"mc-embedded-subscribe-form\" novalidate=\"\" target=\"_blank\">\n<div id=\"mc_embed_signup_scroll\">\n<h2>Subscribe<\/h2>\n<div class=\"indicates-required\"><span class=\"asterisk\">*<\/span> indicates required<\/div>\n<div class=\"mc-field-group\"><label for=\"mce-EMAIL\">Email Address <span class=\"asterisk\">*<\/span><br \/>\n<\/label><br \/>\n<input id=\"mce-EMAIL\" class=\"required email\" style=\"background-image: url('data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAABAAAAAQCAYAAAAf8\/9hAAABHklEQVQ4EaVTO26DQBD1ohQWaS2lg9JybZ+AK7hNwx2oIoVf4UPQ0Lj1FdKktevIpel8AKNUkDcWMxpgSaIEaTVv3sx7uztiTdu2s\/98DywOw3Dued4Who\/M2aIx5lZV1aEsy0+qiwHELyi+Ytl0PQ69SxAxkWIA4RMRTdNsKE59juMcuZd6xIAFeZ6fGCdJ8kY4y7KAuTRNGd7jyEBXsdOPE3a0QGPsniOnnYMO67LgSQN9T41F2QGrQRRFCwyzoIF2qyBuKKbcOgPXdVeY9rMWgNsjf9ccYesJhk3f5dYT1HX9gR0LLQR30TnjkUEcx2uIuS4RnI+aj6sJR0AM8AaumPaM\/rRehyWhXqbFAA9kh3\/8\/NvHxAYGAsZ\/il8IalkCLBfNVAAAAABJRU5ErkJggg=='); background-repeat: no-repeat; background-attachment: scroll; background-size: 16px 18px; background-position: 98% 50%;\" name=\"EMAIL\" type=\"email\" value=\"\" \/><\/div>\n<div class=\"mc-field-group\"><label for=\"mce-FNAME\">First Name <span class=\"asterisk\">*<\/span><br \/>\n<\/label><br \/>\n<input id=\"mce-FNAME\" class=\"required\" name=\"FNAME\" type=\"text\" value=\"\" \/>HMRC,self-assessment<\/div>\n<div class=\"mc-field-group\"><label for=\"mce-LNAME\">Last Name <span class=\"asterisk\">*<\/span><br \/>\n<\/label>HMRC, s<br \/>\n<input id=\"mce-LNAME\" class=\"required\" name=\"LNAME\" type=\"text\" value=\"\" \/><\/div>\n<div id=\"mce-responses\" class=\"clear\">\n<div id=\"mce-error-response\" class=\"response\" style=\"display: none;\"><\/div>\n<div id=\"mce-success-response\" class=\"response\" style=\"display: none;\"><\/div>\n<\/div>\n<p><!-- real people should not fill this in and expect good things - do not remove this or risk form bot signups--><\/p>\n<div style=\"position: absolute; left: -5000px;\" aria-hidden=\"true\"><input tabindex=\"-1\" name=\"b_79de96cc27e66969dd070fdd6_df2320c0f1\" type=\"text\" value=\"\" \/><\/div>\n<div class=\"clear\"><input id=\"mc-embedded-subscribe\" class=\"button\" name=\"subscribe\" type=\"submit\" value=\"Subscribe\" \/><\/div>\n<\/div>\n<\/form>\n<\/div>\n<p><script type=\"text\/javascript\" src=\"\/\/s3.amazonaws.com\/downloads.mailchimp.com\/js\/mc-validate.js\"><\/script><script type=\"text\/javascript\">(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';}(jQuery));var $mcj = jQuery.noConflict(true);<\/script>self-assessment<br \/>\n<!--End mc_embed_signup--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 20th March 2020, the Chancellor of the Exchequer, Rishi Sunak, announced several measures to help businesses across the UK who will be affected by the Covid-19 coronavirus. The situation is changing daily and there is scant detailed information coming from the government. We will be keeping our website up to date and ensuring we&hellip;&nbsp;<a href=\"https:\/\/my-brains.co.uk\/jackross\/covid-19-self-assessment-income-tax-deferral-scheme-20-march-2020\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Covid-19 Self Assessment Income Tax Deferral Scheme &#8211; 20 March 2020<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":5206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":""},"categories":[272,3],"tags":[274,273,27,118,213],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Covid-19 Self Assessment Income Tax Deferral Scheme - 20 March 2020 - Manchester Chartered Accountants<\/title>\n<meta name=\"description\" content=\"On 20th March 2020, the Chancellor of the Exchequer, Rishi Sunak, announced several measures to help businesses across the UK who will be affected by the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/my-brains.co.uk\/jackross\/covid-19-self-assessment-income-tax-deferral-scheme-20-march-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Covid-19 Self Assessment Income Tax Deferral Scheme - 20 March 2020 - Manchester Chartered Accountants\" \/>\n<meta property=\"og:description\" content=\"On 20th March 2020, the Chancellor of the Exchequer, Rishi Sunak, announced several measures to help businesses across the UK who will be affected by the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/my-brains.co.uk\/jackross\/covid-19-self-assessment-income-tax-deferral-scheme-20-march-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Manchester Chartered Accountants\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/jackrosstax\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-23T14:24:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-18T11:35:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/my-brains.co.uk\/jackross\/wp-content\/uploads\/2022\/05\/alexandru-acea-Ra8x8H7GToE-unsplash-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Umar Memon\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Umar Memon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/covid-19-self-assessment-income-tax-deferral-scheme-20-march-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/my-brains.co.uk\/jackross\/covid-19-self-assessment-income-tax-deferral-scheme-20-march-2020\/\"},\"author\":{\"name\":\"Umar Memon\",\"@id\":\"http:\/\/my-brains.co.uk\/jackross\/#\/schema\/person\/890f768e5ff3e5664eda31546d21b6e8\"},\"headline\":\"Covid-19 Self Assessment Income Tax Deferral Scheme &#8211; 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