Self-assessment – 2nd payments on account – is yours due?

Self-assessment – 2nd payments on account – is yours due?

It’s that time of year again when you might need to start thinking about paying your 2nd payment on account for the 2015/16 tax year.

The 2nd payment on account is due for payment by 31 July 2016 and should be paid to HMRC for them to have cleared funds by this date.

HMRC will charge interest on any payments not received by 31 July and then add a 5% surcharge if the payment is 30 days late.

More information on making payments is on the HMRC website – click here to go directly to the site.