If you are registered for Self Assessment, this a reminder if you make payments on account, that the deadline is 31 July.
What is a payment on account
Payments on account are advance payments towards your next tax bill. Most people make 2 payments each year:
• 31 January — first payment on account
• 31 July — second payment on account
Each payment is usually half of your previous year’s tax bill. These payments help spread the cost of your tax and reduces the amount due in January.
ACT NOW!
Check what you owe in your HMRC online account. Paying on time avoids potential penalties and interest charges. HMRC charges interest on late payments from the day after the deadline, so even a short delay can cost you.
Ways to pay:
• online via your bank or the HMRC app
• by debit or credit card — directly through HMRC online services
• by setting up a Direct Debit for automated payments
For full payment options visit GOV.UK @ https://www.gov.uk/pay-self-assessment-tax-bill
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