Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
Business Services

Most businesses are very good at providing the products and services that their customers need – but running a business involves much more than that.

Click here to find out more...

Private Clients

The financial world is a complicated place and there are times when you’ll need some expert help.

Click here to find out more...

Wealth Management

When it comes to your finances, taking time out to seek expert advice is always a wise investment.

Click here to find out more...

Specialist Services

We also provide specialist services to a range of other clients.

Click here to find out more...

You are here: Home » Latest News » Covid-19 » Reminder: Deferral of second payment on account

Reminder: Deferral of second payment on account

Those facing financial difficulty as a result of COVID-19 are being reminded that they can defer their second 2019/20 self-assessment payment on account, normally due at the end of July, until 31 January 2021.

To benefit from this deferral, taxpayers do not need to contact HMRC. Simply by not paying their tax bill due by 31 July 2020 they will opt into the deferral scheme.

Therefore, the only action taxpayers may need to take is to cancel their direct debit if they have one set up for their payments on account.

Where no payment is received, HMRC will update its systems to show the payment as deferred. HMRC has confirmed no interest or penalties will be incurred, providing the outstanding amount deferred is paid in full by 31 January 2021.

HMRC is reminding those using the deferral that not only will the amount be due on 31 January 2021, but they will also need to pay any 2019/20 balancing payment and first 2020/21 payment on account at the same time.

Those who believe they may struggle to pay these three separate payments in full in one go can contact HMRC about paying these combined amounts in instalments.

Those wishing to make a payment as normal have been advised that they can do so as normal as well if they do not believe they require the deferral.

The New LRH Client Portal

We are delighted to announce that the LRH client portal (powered by Onvio, a Thomson Reuters company) is now fully operational… Continue reading →

Get in touch!

Telephone: 01422 360788