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Hi my name is Lyanne and I’m the managing director of Wilds. The coronavirus outbreak is having a huge impact on everyone at the moment and we are trying to provide as much support as we can during this time. Have a look at our coronavirus updates on the website and contact us if we can help with anything else.

 

HMRC have announced that Self-Assessment taxpayers can spread costs over 2021

HMRC announced permission to defer the ‘on account’ self-assessment tax payment due in July 2020 to Jan 2021. Tax payments up to £30,000 that are due in Jan next year (including those July deferrals) can be paid over 12mths during 2021 via HM Revenue & Customs’ Time to Pay tool. You will need to have filed your 2020 Tax Return to apply. If you wish to take advantage of this though, you will pay 2.6% interest. HMRCs contact number is 0300 200 3822.

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