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<p>Her Majesty’s Revenue and Customs (HMRC) announced in December 2019 that they would
extend the deadline from 31 January 2020 to 30 September 2020, for individuals due
to pay the Loan Charge to submit their 2018/19 Self Assessment returns and pay the
tax due or agree a time to pay arrangement.</p><p> </p><p>This deadline has long been
established and the extension has given taxpayers an additional eight months to file
their returns and decide whether to make an election to spread their Loan Charge liability
over three years. Loan Charge taxpayers are able to file a full and accurate 2018/19
Self Assessment return by the 30 September 2020 deadline.</p><p> </p><p>The Government
has no plans to extend the deadline beyond 30 September 2020. HMRC will keep the situation
under review and will take a proportionate and reasonable approach to anyone who is
unable to file their tax return and pay the tax due or agree a time to pay arrangement
by the 30 September 2020 deadline as a direct result of COVID-19.</p>
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