Payments on account (based on one half of last year's liability) are due on 31 January and 31 July. If these are insufficient there is a balancing payment due on the following 31 January - the same day as the tax return needs to be filed. For example:
for the year 2006/07 Tax due £5,000 (2005/06 was £4,000)
First payment on account of £2,000 is due on 31.01.07
Second payment on account of £2,000 is due on 31.07.07
Balancing payment of £1,000 is due on 31.01.08
Note that on 31.01.07, the first payment on account of £2,500 fell due for the tax year 2007/08.
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