Payment Account

Deadline for paying Class 1A National Insurance Contributions for benefits provided to employees

The "Second Payment on Account due" refers to the deadline for making the second instalment of payment towards your tax liability in the United Kingdom. Payments on Account are advance payments made towards the upcoming tax year based on the previous year's tax liability. The second payment on account is typically due on or before the 31st of July each year. It is important to make this payment by the deadline to avoid any potential late payment penalties or interest charges. Meeting the deadline ensures compliance with HM Revenue and Customs (HMRC) regulations and helps in spreading tax payments throughout the year. However, it's important to consult the latest HMRC guidelines or official resources to confirm the exact due date, as it may vary based on individual circumstances or changes in regulations.

The "Deadline for Self Assessment registration to notify HMRC of Income/Capital Gains Tax" refers to the final date by which individuals in the United Kingdom must register themselves for Self Assessment with HM Revenue and Customs (HMRC) to declare their Income Tax or Capital Gains Tax liabilities. This deadline is significant for individuals who have not previously registered for Self Assessment but have income or capital gains that require them to report and pay taxes. By registering before the deadline, individuals ensure compliance with HMRC regulations and avoid potential penalties for failing to notify HMRC of their tax obligations. It's important to note that the specific deadline for Self Assessment registration may vary depending on individual circumstances, and it's advisable to consult the latest HMRC guidelines or official resources to determine the exact date applicable to your situation.

Deadline to register with the HMRC if newly self-employed or receiving income from property