Personal Tax – Payment on Account Reminder

If your personal tax for Self Assessment in January was more than £1,000, HMRC require that you make your second payment on account by 31st July 2014 as they require you make two payments within the year. The first is paid in January and the second by 31st July 2014. A payment on account equals one half of the previous year’s tax liability.
You can find details of these amounts on your personal tax computation saved on the client portal.  Please check the amount as detailed on the computation, to ensure when making payment, the correct payment amount is made. 
Payment can be made by cheque, bank transfer or using the following link:

https://www.billpayment.co.uk/hmrc/scripts/index.asp

  •          Click pay now
  •          Click pay under self assessment
  •          Enter your unique tax reference number (10 digits) and the amount to be paid and the remainder of your details

Should you have any queries regarding your personal tax return, please contact the Account Support Team in the first instance.

More Blogs

Understanding the Financials: Accounting for Amazon Sellers

It’s estimated that over 60% of sales on Amazon.com come from third-party sellers rather than directly from the e-commerce giant itself. With such a large captive audience here in the UK, it’s unsurprising that local sellers want a slice of this oversized pie. One thing to bear in mind is the specific set of financial challenges that come with a decision to sell via this platform. If you’re looking to understand more about the ins and outs of accounting for Amazon sellers, read on…

Accounting Team

The Role of Accounting in Maximising Charity Impact

Charitable organisations are important for several different reasons. Apart from giving direct help to causes, they also create awareness of certain issues and positively impact society. However, managing finances can be challenging, with many organisations facing unique challenges that are best handled by skilled professionals with experience in accounting for charities. In this blog post, we talk about accountants for charity and the role they play in maximising charitable impact.

Accounting Team

Accountants for Property Investors: Essential Partners for Maximising Returns

Investing in real estate is a big deal, so when it comes to managing your property you’ll want the help of a professional. Working with someone who specialises in accounting for property investors ensures the financial health and success of your investments. They understand accounting principles and regulations specific to the property sector and can assist you in navigating intricacies such as capital allowances, property valuations, and lease accounting. They take care of financial analysis, budgeting, and reporting, allowing you to make strategic decisions. In this blog post, we discuss how accountants for property investors can help you maximise returns.

Accounting Team