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Deferral of July SA payment

Directors?

Didn't find your answer?

HMRC web guidance says "If you are self-employed you are eligible."

What about directors, landlords etc?

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By Not Anonymous
20th Mar 2020 19:47

My money is on it being a gov.uk oversimplification.

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By SXGuy
20th Mar 2020 22:44

I'd hazard a guess and say it should have read anyone required to file a self assessment and has a poa for July.

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By whitevanman
21st Mar 2020 00:02

Gov.uk includes this as one of the measures to help businesses. Hence the statement that it will apply "if you are self-employed" would seem to be correct.
Anyone else - directors etc- would have to seek time to pay under the more general announcement. Not sure about landlords. The recent trend suggests they are not beloved of the Chancellors but as theirs is clearly "a business" it could apply. As always, the detail will be slow to come out and we must wait and see.

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blue sheep
By NH
21st Mar 2020 06:59

The ICAEW page says "Income Tax Self-Assessment payments due on the 31 July 2020 will be deferred until the 31 January 2021. This is an automatic offer with no applications required. No penalties or interest for late payment will be charged in the deferral period" I read that to mean ALL July payments will not be collected.

However the .gov site does specifically say If you are self employed

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ALISK
By atleastisoundknowledgable...
21st Mar 2020 09:26

I’m surprised that Rishi wasn’t asked in the Q&A at the time.

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ALISK
By atleastisoundknowledgable...
21st Mar 2020 13:04

After 28 mins getting through the HMRC, they confirmed to me that it’s all & any IT PoA due in July, postponed until Jan.

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Replying to atleastisoundknowledgable...:
By kenny achampong
21st Mar 2020 14:00

Let's hope they are still sending bills out in July so they can be paid if they want to, or people are going to get a very nasty surprise in January.

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Replying to kenny achampong:
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By Andy Reeves
30th Mar 2020 09:52

Just like last year when they forgot to request some POAs...

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Replying to atleastisoundknowledgable...:
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By [email protected]
30th Mar 2020 10:01

Hi, have you been able to find this in any online material? Thanks

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Replying to [email protected]:
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By [email protected]
30th Mar 2020 10:17

Support for businesses through deferring Income Tax payments
For Income Tax Self-Assessment, payments due on the 31 July 2020 may be deferred until 31 January 2021.
Eligibility
You are eligible if you are due to pay your second self-assessment payment on account on 31 July. You do not need to be self-employed to be eligible for the deferment.

The deferment is optional. If you are still able to pay your second payment on account on 31 July you should do so.

https://www.gov.uk/government/publications/guidance-to-employers-and-bus...

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By geoffmw1
30th Mar 2020 10:06

The latest does include all self assessment cases. The other point I would like to make is that if 2020/21 profit is substantially down there could be scope for accounting year changes which could require some interesting calculations to reduce tax bills for this and 2 further tax years.

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