payment on account - AccountWise

Payment on account – Who needs to pay and how are they calculated?

December 8, 2021

The self-assessment tax return for 2020/21 must be filed online by midnight on 31 January 2022 if a late filing penalty is to be avoided. The exception to this is where a notice to file a return for 2020/21 was issued after 31 October 2021, in which case the filing deadline is three months from … Read more

Deferring self-assessment payment on account – Is it a good idea?

June 15, 2020

To help those suffering cash flow difficulties as a result of the Covid-19 pandemic, the Government have announced that self-assessment taxpayers can delay making their second payment on account for 2019/20. The payment would normally by due by 31 July 2020. Under self-assessment, a taxpayer is required to make payments on account of their tax … Read more

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