On 15 May HMRC issued guidance on how to defer the second payment on account for 2019/20, due on 31 July 2020. This confirmed that the option is available for individuals:
- registered in the UK for self-assessment; and
- finding it difficult to make their second payment on account by 31 July 2020 due to the impact of Covid-19.
HMRC restated that it will not charge interest or penalties on any amount of the deferred payment on account, provided it is paid on or before 31 January 2021. There is no requirement to notify HMRC of the intention to defer.