HMRC Tax Payment Deferral 2019/2020

HMRC is reminding taxpayers that anyone who has difficulty paying their second 2019/2020 self-assessment payment on account can defer the payment until 31 January 2021. Around 2.7 million taxpayers are eligible for deferral, of which 1.3 million are self-employed.

For more information, please click on the link below.

https://lnkd.in/g6bGy6y

Class 2 NI Contributions

With the HMRC tax deadline being this Friday, make sure you click to pay your Class 2 National Insurance contributions.

The Guardian recently reported a glitch in the self-assessment system which means your state pension could be affected if you don’t.

https://www.theguardian.com/money/2020/jan/25/tax-glitch-pensions-self-employed-at-risk-national-insurance-self-assessment

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