Personal Tax – Payment on Account Reminder

If your personal tax for Self Assessment in January was more than £1,000, HMRC require that you make your second payment on account by 31st July 2014 as they require you make two payments within the year. The first is paid in January and the second by 31st July 2014. A payment on account equals one half of the previous year’s tax liability.
You can find details of these amounts on your personal tax computation saved on the client portal.  Please check the amount as detailed on the computation, to ensure when making payment, the correct payment amount is made. 
Payment can be made by cheque, bank transfer or using the following link:

https://www.billpayment.co.uk/hmrc/scripts/index.asp

  •          Click pay now
  •          Click pay under self assessment
  •          Enter your unique tax reference number (10 digits) and the amount to be paid and the remainder of your details

Should you have any queries regarding your personal tax return, please contact the Account Support Team in the first instance.

More Blogs

Companies House Identity Verification Rules Explained

For years, Companies House has largely operated as a passive registrar — accepting information at face value and relying on businesses to submit accurate records. However, in recent years this has been changing, and quickly! And at the centre of these reforms is mandatory identity verification.

Accounting Team

The 2026 Essential Guide to Forex Trading Tax in the UK

Forex trader tax is a topic that can seem complex – particularly as different countries have different rules around taxation on forex trading gains. If you’re looking to discover the rules on forex trader tax in the UK, look no further. We’ve put together a guide on how forex trading is taxed, your record-keeping and reporting obligations, how spread betting is different from forex trading and more.

Accounting Team

A Complete Guide to Changing From Sole Trader to Limited Company

We’re often asked, “Can I change from sole trader to limited company?” The answer is absolutely yes. Read on for why you may want to switch from a Sole Trader to a Limited Company, the benefits of doing so, and what you can expect during this transition.

Accounting Team