Makesworth Accountants Self-Assessment Tax Return service for individuals helps to ensure your tax return is completed in a timely and efficient way whilst at the same time ensuring the right amount of tax is paid.
Payments are normally made in two installments on 31 January and 31 July each year (except for PAYE and other tax deducted at source). Any balance due is settled the following 31 January.
If you pay tax late then interest will run from the date the tax is due. There is also a 5% surcharge if any part of the tax for the year is unpaid by 28 February after the end of the tax year, and there will also be a further 5% surcharge on any amounts still unpaid five months later, at the end of July.
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