Crucial July 31 Self-Assessment Tax Deadline – Paying Now Can Lighten Future Bills

HMRC issues warning over late tax payments due imminently

Self-employed people have jus a few days to make a vital tax payment

HMRC can add 8.25% to tax bills after July 31, money expert says

People need to take action soon to avoid trigging this steep interest rate on late payments

HMRC self assessment: how to pay payment on account before tax return deadline - how paying can reduce bills

Paying early can ease your cash flow, cut January stress, and help you avoid HMRC charges 💡

Crucial July 31 self-assessment tax deadline – paying now can lighten future bills

Paying early can ease your cash flow, cut January stress, and help you avoid HMRC charges 💡

HMRC to issue instant £100 fines to taxpayers from Friday

People who miss a vital deadline this week will be hit with a £100 penalty.

Taxpayers who haven’t settled their bill with HMRC must pay by 31st July or face fines and interest

Taxpayers have been warned to settle their tax bills by 31st July or risk incurring late payment interest at 8.25%, as HMRC intensifies its crackdown on unpaid liabilities. The alert comes from Blick Rothenberg, a leading audit, tax and business advisory firm, which says taxpayers who have yet to pay their second payment on account for the 2024/25 tax year must act quickly to avoid financial penalties. “From May 2022, HMRC increased late payment…