22/06/2026
⚠️ Don't Ignore HMRC's July Payment on Account Deadline ⚠️
Many self-employed individuals and business owners will be due to make their second Payment on Account to HMRC by 31st July.
What many people don't realise is that this payment is based on your previous year's tax bill – not necessarily what you'll owe for the current year.
If your profits have fallen, your income has reduced, or your circumstances have changed, completing your latest tax return before the July deadline could significantly reduce the amount HMRC expects you to pay.
By filing early, you may be able to:
✅ Reduce your July Payment on Account
✅ Improve cash flow
✅ Avoid overpaying tax unnecessarily
✅ Gain certainty over your actual tax position
Too often, taxpayers leave their returns until January and unknowingly hand over more cash to HMRC than they need to months earlier.
A proactive approach can make a real difference to your finances.
If you're unsure whether your July Payment on Account could be reduced, now is the time to review your position before the deadline arrives.
if you require any assistance regards to this, feel free to contact Ed.
📩[email protected]
📞01889 563550
