The government will give Self-assessment taxpayers 12 more months to pay their taxes.
The following rules apply:
- amounts due in January 2021 can be deferred to January 2022
- liability must be less than £30,000
Taxpayers will be able to agree a payment plan using HMRC’s Time to Pay facility. Repayments will be in equal instalments over the 2021/22 tax year.
For more information please see the Government’s Winter Economy Plan