HMRC payment deadline days away as taxpayers told to act

NewsCost Of LivingHMRCThe payments are due by midnight on July 3115:07, 26 Jul 2026HMRC has issued an urgent reminder to people who pay their income tax through Self Assessment tax returns, specifically those using the ‘payments on account’ method as they have until midnight on July 31 to pay their next installment.‌Payments on account is a way to spread out the cost of your Self Assessment tax bill by making two instalments throughout the tax year instead of paying the entire bill in one go. The two payments are due on January 31 and July 31.‌Missing these deadlines could see people racking up daily interest charges, late payment penalties, and the longer the bills are left unpaid, the higher these charges can go. People who need to make payments on account will be able to see how much th