The deadlines for paying your tax bill are usually 31 January for 1) any tax you owe for the previous tax year which is called your balancing payment) and 2) your first payment on account. The deadline for second payment on account is usually 31 July. Here is how to pay:
How to pay UK self assessment tax liability
You will need to make sure you pay HMRC by the deadline or you may be charged interest and may be charged a penalty if your payment is late and of course payment timings depend on how you pay – you can pay your HMRC tax bill using the services below;
You can also use the services below to pay your UK self assessment tax liability
- HMRC app to pay your bill through your bank’s app or using online banking.
- through your online bank account
- using online or telephone banking (Faster Payments)
- by CHAPS
- by debit or corporate credit card online
- at your bank or building society (paying in slip from HMRC required)
- Bacs
- Direct Debit (if you’ve set one up with HMRC before)
- Cheque through the post
- Direct Debit (click the link if you have not set one up with HMRC before)
The Post office are no longer taking HMRC payments.
What will I need to pay my tax liability to HMRC?
You will need your 11-character payment reference when you pay. This is your 10-digit Unique Taxpayer Reference (UTR) followed by the letter ‘K’.
Where will I find my Unique Tax Reference (UTR)?
You can find your UTR in your HMRC online account or on your paying-in slip, if you get paper statements.
Call HB Accountants for help with your self assessment tax return, accounts, VAT or payroll and more
If you want to know how to manage basic accounting tasks – or would like our help on a regular basis – do give us a call. Not only can we help with your questions, we can offer you support with your tax, management accounting and so much more. You can contact us on 01992 444466. We’re accountants for business and for people. We’re here to help.
The information contained above is for general guidance purposes only. Whilst every effort has been made to ensure the contents are accurate, please note that each individual has different circumstances and it is essential that you seek appropriate professional advice before you act on any of the information contained herein. HB Accountants can accept no liability for any errors or omission or for any person acting on or refraining from acting on the information provided in the above.
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