📢 Reminder! 31 July 2025 Deadline for Payment on Account
For those of you who are required to make payments on account towards your tax bill, remember that the second 2024/25 payment on account is due by 31 July 2025. 🗓️
If your income for 2024/25 is likely to be lower than the previous year, then it will probably be worth filing your tax return before 31 July. The second payment on account could be reduced or wiped out altogether, leaving more money in your pocket. You may even find that you are due a refund – just in time for summer (if it hasn’t already left by then!) ☀️
Even if your tax bill ends up more than the payments on account, filing early will give you more time to save for the balancing payment in January.
⚠️ NOTE: Late payment will incur interest and potentially penalties as well (if paid after 31 January 2026). If you are having trouble paying, then contact HMRC as soon as possible to see if you can agree a Time to Pay arrangement. 📞
📩 Contact us now if you would like us to file your tax return!
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