🚨 Tax Payment Reminder – 31 July Deadline! 🚨

Martin van Vuuren
Jul 31, 2025
2 min read

The second Payment on Account deadline for Self Assessment is 31 July 2025 at midnight.

If this caught you off guard — you're not alone!!

Whether you’ve already paid, missed the deadline or you’re unsure if this even applies to you, we're here to guide you forward. If you’re not sure what the Payment on Account deadline means or if it applies to you — watch this quick explainer video now:

While it’s too late for us to process this payment on your behalf, Do Your Accounts can help you understand what to do next, avoid penalties and get ahead for your next tax deadline.

Need Help Moving Forward?

We look after Self Assessments, Sole Traders, Limited Companies and Charities with a suite of expert accounting services — and we’re passionate about helping clients move to cloud-based accounting software like Xero or FreeAgent. It's the smartest way to stay organised, save time and make confident financial decisions. Our full accounting services include:

Self Assessment tax returns
Year-end accounts and Management Accounts
VAT returns and registration
Corporation Tax Return Preparation & Filing
Payroll services and RTI submissions
Bookkeeping and digital records
HMRC compliance and advice
Ongoing tax planning and support
and more..

Whether you're behind on tax or want to take a proactive approach to your finances, we'll help you stay compliant, confident and in control.

👉 Book a Discovery Call today to see how we can support your goals: www.doyouraccounts.co.uk/book-online

📌 Who Needs to Make This Payment?

You need to make a second Payment on Account if:

Your tax bill was over £1,000 last year
Less than 80% of your tax was collected at source (e.g. PAYE)

This is common for:

Self-employed individuals
Freelancers & contractors
Landlords
Side income earners

⏳ What Happens If You Miss the Deadline?

HMRC charges interest (currently 8.25% from 28 May 2025) on late payments. The longer you leave it, the more you’ll owe.

If your income has changed and you're worried the amount due is too high, there are ways to request a reduction – but it's important to get professional advice before doing so, as underpaying could lead to more charges later.