Part of Rishi Sunak’s Winter Economy Plan, announced in late September, included an opportunity for self-assessment taxpayers to defer tax bills by another 12 months.

The deferral opportunity relates to self-assessment tax payments due 31 January 2021; those with liabilities of up to £30,000 can apply online to spread their liability into monthly payments, subject to interest at HMRCs published rates, currently 2.6% per annum, without penalty.