HM Revenue & Customs (“HMRC”) have today confirmed that, if you are required to make a payment on account on the 31 July 2020, this may be deferred until 31 January 2021.

Previously, this was only available to the self-employed but this has now been extended to all taxpayers within self-assessment.

They have also confirmed that no interest or penalty charges will apply.

HMRC have advised that where possible, taxpayers should still make the payment, subject to cash flow.