The Government has announced more time for self-assessment businesses to pay back.
Around 1.5 million businesses who pay through income tax self-assessment benefitted from the Government's Self-Assessment Tax Deferral, deferring an estimated £6 billion to be paid in July 2020 to the end of January 2021.
But to help them further, the Government is upgrading its Time To Pay service so that all 11 million self-assessment taxpayers will be able to create a 12-month payment arrangement for up to £30,000 each, and extended under the end of January 2022 – that’s an 18 month deferral.
