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:
A balancing payment and a payment on account are not the same thing, but they are related concepts in the UK tax system. Both are part of the process of managing your tax payments with HMRC. Here we explain the difference:
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