People who were under the ERTE furlough scheme in 2020 will be able to pay any tax owing from their 2020 declarations in six instalments from July 20 to December 20. There will be no late payment interest for doing so. Those who wish to pay in this way will need to make a request in advance.
Six tax payment instalments for people on ERTE in 2020
The annual tax declaration campaign starts next week
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The is going to be a tragic tax declaration for many. Even with 4 more possible instalments I have the feeling that many will find their payable tax will only go up as those on ERTE will also intersect with those that will have deferred their mortgage payments and/or stopped their private pension payments. Both of these being the primary means of tax reduction. This is on top of a low retention on ERTE that will have already have been spent to survive. Many are going to flip from typically getting a tax return to having a sizeable payment.