July Tax Payments

The due date for the payment of the second instalment of 2013/14 tax is fast approaching.

Self employed people, of which there are 4.54 million in the UK, together with certain other tax payers  have to pay their tax in two instalments on 31 January and 31 July each year. The July 31st payment will be due in just a few weeks’ time and many of you will have already received a payslip from HMRC stating the amount of tax due. Make sure that your payment is received by HMRC by 31 July in order to avoid unnecessary interest arising.

If you are unsure as to whether the HMRC payslip amount is correct then you should contact your accountant who will be able to advise you accordingly.

This article was compiled by Ashley Barrowclough.

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