Self assessment tax: Pay by 31-Jul

14th July 2022

 

The deadlines for paying your second payment on account is for 31 July.

 

Pay your tax bill

You can make weekly or monthly payments towards your bill, if you prefer.

Pay your Self Assessment tax bill: Pay weekly or monthly – GOV.UK (www.gov.uk)

 

You can get help if you cannot pay your tax bill on time.

If you cannot pay your tax bill on time: Overview – GOV.UK (www.gov.uk)

 

Ways to pay

Make sure you pay HM Revenue and Customs (HMRC) by the deadline. You’ll be charged interest and may have to pay a penalty if your payment is late.

 

The time you need to allow depends on how you pay.

 

You can no longer pay at the Post Office.

 

Same or next day

  • through your online bank account
  • online or telephone banking (Faster Payments)
  • CHAPS
  • by debit or corporate credit card online
  • at your bank or building society

You need a paying-in slip from HMRC to pay at a bank or building society.

 

3 working days

  • Bacs
  • Direct Debit (if you’ve set one up with HMRC before)
  • by cheque through the post

 

5 working days

Direct Debit (if you have not set one up with HMRC before)

 

If the deadline falls on a weekend or bank holiday, make sure your payment reaches HMRC on the last working day before (unless you’re paying by Faster Payments or by debit or credit card).

Disclaimer - All information in this post was correct at time of writing.
Other Blogs
Jaimie King
19th April 2024 Audit exemption limits set to rise

What could the changes to Audit exemption limits mean for you?   The government has recently announced changes to company law that will see company size thresholds increased by 50%. This is hoped to reduce complexity and additional burden for companies. These changes are intended to be in place for year ends commencing on or…

Paul Jefferson
18th April 2024 Beware of VAT refund fraud

Beware of VAT refund fraud!   We have become aware of several recent cases where taxpayers’ bank account details have been amended on the HMRC portal, without their knowledge, so that VAT repayments have been fraudulently diverted to a third party.   It seems that HMRC have been acting on the basis of a fraudulent…

Andrew Band
17th April 2024 Whitings 2024 Annual Farming Seminar

Our Whitings 2024 Annual Farming Seminar is just around the corner.   Farming always has to cope with changing environment, weather, commodity prices, political changes, etc. This year these challenges feel heightened and this is why we are pleased to welcome back speakers from the Andersons Centre to inform us of these changes and what…

Amanda Newman
17th April 2024 Buy To Let through a Limited Company

There continues to be an ongoing debate when buying a residential property to let out about whether to buy this personally or set up a limited company to own it. Unlike our sole trader v limited company comparisons for a trading business there is not a clear division based on profits. There are a lot…

Nick Edgley
11th April 2024 Do you need to re-register for Child Benefits?

If you’ve heard about the changes post 5 April 2024 and are wondering whether you need to re-register for Child Benefits, this is the blog post for you.   If you have been affected by the increase in the High Income Child Benefit Charge cap to £60,000, then you may need to restart your Child…

Peter Brown
10th April 2024 Pension Contributions for directors

Are you thinking about planning ahead for retirement and want to find out more about Pension Contributions for directors?   When it comes to planning for your retirement, Company pension contributions can offer significant benefits in terms of reducing your company’s Corporation Tax bill. Here’s how you can use both personal and company contributions to…