Defer Your Self Assessment Payment on account due to Coronavirus

MattRaymond

Hi, 
I am wondering if I defer my self assessment payment on account will this have any effect on my credit score or any other negative impacts on me?

Thanks

Matt

gt94sss2

No, it will have no impact as long as you pay the tax due by 31 Jan 2021

Jeremy535897

gt94sss2 said:

No, it will have no impact as long as you pay the tax due by 31 Jan 2022

31 January 2021. The deferral is only available for people adversely affected by coronavirus.

gt94sss2

Thanks for spotting the typo - I did of course mean 2021!

Jeremy535897

gt94sss2 said:

Thanks for spotting the typo - I did of course mean 2021!

No worries. You also should not defer payment if you don't need to.

[Deleted User]

Do you need to do notify them or do anything if you’re deferring?

jjames1985

ftbhopes said:

Do you need to do notify them or do anything if you’re deferring?

No.
As far as I'm aware all payments due on Jul 31st are now due on Jan 31st.  I certainly didn't request anything and my most recent tax statement received the other week shows July's payment being due in January.

[Deleted User]

Are you paper filing? Last time I checked mine it still said due July 31st, but with a note below about being allowed to defer. 

gt94sss2

https://www.gov.uk/guidance/defer-your-self-assessment-payment-on-account-due-to-coronavirus-covid-19

jjames1985

ftbhopes said:

Are you paper filing? Last time I checked mine it still said due July 31st, but with a note below about being allowed to defer. 

No.  Online it still says Jul 31st but as I said the last statement received shows it as being deferred until January.