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DEFERRING INCOME TAX PAYMENTS

Deferring income tax payments – Self-employed

MATTIOLI WOODS ISSUES FINAL RESULTS FOR THE YEAR ENDED 31 MAY 2021
Insight
26 March 2020

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.

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