Magee Gammon Blog Tax Personal tax Second payment on account - reminder

Second payment on account – reminder

The deadline for the second payment on account for tax paid through self-assessment is 31 July 2016.self-assessment-warning

Payment is required if the tax bill is more than £1,000, unless you’ve already paid more than 80% of all tax you owe.

2 payments are due each year – on 31 January and 31 July. Each payment is half of the previous year’s tax bill.

People who are already registered for self-assessment with HMRC can check their payments on account via your online account. This will show any payments on account already made and any payments owed.

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