Self assessment

35har1old

Deadline for submitting  2024-2025 is 31-01-26 is that correct?
If submitted mid January when would you have to pay any tax due?
Can you be asked to make upfront payments for 25-26?

Dazed_and_C0nfused

35har1old said:

Deadline for submitting  2024-2025 is 31-01-26 is that correct?
If submitted mid January when would you have to pay any tax due?
Can you be asked to make upfront payments for 25-26?

Assuming you wer issued with a return or notice to file a return at the normal time then yes, the submission deadline is 31/01/2026.

The tax needs to be paid by the same date to avoid interest charges.  You get another few weeks before late payment penalties are applied.

Payments on account for 2025/26 could be due and would show on your Self Assessment account if they are.

Middle_of_the_Road

35har1old said:

Deadline for submitting  2024-2025 is 31-01-26 is that correct?
If submitted mid January when would you have to pay any tax due?
Can you be asked to make upfront payments for 25-26?

Payable by 31/01/26
Yes

masonic

Up-front payments are generally requested when the tax owed is above a threshold.

eskbanker

masonic said:

Up-front payments are generally requested when the tax owed is above a threshold.

Indeed, £1K, plus an 80% rule:

‘Payments on account’ are payments towards your next tax bill (including Class 4 National Insurance if you’re self-employed).

They help spread the cost of your tax by making payments in 2 instalments. Each payment is half of the tax you owed last year.

These payments are due by midnight on 31 January and 31 July.

You must make these 2 payments, unless either:

• the amount of tax you owed last year was less than £1,000
• last year you paid more than 80% of the tax you owed outside of Self Assessment (for example through your tax code or because your bank had already deducted interest on your savings)

Your Self Assessment statement or online account will show you how much they are, if you need to pay them.

https://www.gov.uk/understand-self-assessment-bill/payments-on-account

Albermarle

OP- For your info for the future, there is a specific forum for tax queries.
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