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    Home / Insights / DEFERRING INCOME TAX PAYMENTS

    DEFERRING INCOME TAX PAYMENTS

    Deferring income tax payments – Self-employed

    MW Post Author Image
    Mattioli Woods

    Income tax payments due in July 2020 under the self-assessment system will be deferred to January 2021. Taxpayers have until the end of the 2020/21 tax year to pay any liabilities that have accumulated during the deferral period. No penalties or interest for late payment will be charged in the deferral period.