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Taxpayers urged to get ahead of July Self Assessment payment deadline

ended 29. June 2026

With one month to go, HM Revenue and Customs (HMRC) is reminding millions of Self Assessment taxpayers to prepare for the 2025 to 2026 tax year second payments on account 31 July deadline.

Customers can set up monthly or weekly payment plans and any payments already made via these plans will count towards their next Self Assessment tax bill.

Payments can be done via the HMRC app, with nearly 2 million Self Assessment taxpayers doing so since its introduction in January 2022. It makes it easy for people to pay towards their tax bill, set payment reminders and track and view their payment history.

  • How important is it for Self Assessment taxpayers to be up to date?
  • Is there enough publicity around the deadlines?
  • What other advice do you have for people?

Responses asap.

4 responses from the Newspage community

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Editor
Ross Lacey
Director & Independent Financial Adviser at Fairview Financial Management
It's good practice to get on top of this as early as possible. That way you can ensure the payments on account remain appropriate for the level of income you've actually earnt. It also helps with any changes you may want to make to your business in the current tax year, using the information on how much profit (or not!) was generated in the previous tax year.

Far too many people are almost a year behind in knowing how their business is really doing.

Keeping book keeping up to date throughout the year makes this less of a mammoth task.
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Editor
Samuel Mather-Holgate
Managing Director & IFA at Mather and Murray Financial
The Self Assessment system is creaking because it asks millions of ordinary people to behave like unpaid tax administrators. Staying up to date matters. If you miss the 31 July payment on account you can quickly face interest, penalties and a nasty cash-flow shocks. But HMRC cannot keep relying on last-minute nudges and an app to fix a system many people find confusing. There should be far clearer prompts, plainer language and earlier warnings, especially for the self-employed and side-hustlers. The practical advice is simple- check your online account now, do not assume payments on account are optional, put money aside weekly, and speak to HMRC before the deadline if you cannot pay. Silence is usually the most expensive option.
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Editor
Nouran Moustafa
Practice Principal & IFA at Roxton Wealth
Self Assessment needs year-round organisation. The 31 July payment catches people off guard because it lands months after the January rush, just when many self-employed people, landlords and business owners are focused on keeping cash moving through the summer.

Being up to date matters because this is not a bill you can wish away. Missing it can mean interest, stress and a much bigger problem by January, when the balancing payment and next payment on account can arrive together. There is publicity, but not enough explanation. Too many people still misunderstand what a payment on account is, or assume income received is fully theirs to spend.

My advice is simple: make tax part of managing money all year round. Put aside a percentage of every payment, check your HMRC account now, and only reduce a payment on account where there is a genuine, evidenced reason your income will be lower. If cash flow is tight, act before the deadline, not after it. A payment plan is a tool, not a failure.
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Editor
Matthew Knight
Chief Freelance Officer at Freelancing.Support
Whilst everyone knows the Jan 31st deadline, many who are new to freelancing often get caught out by payment-on-account deadlines, which asks you to pay your taxes ahead of your income. Getting into the habit of doing your accounts monthly or quarterly helps you keep on top of the admin, rather than waiting for HMRC to remind you. This is where Making Tax Digital could actually help small businesses, ensuring they're on top of their taxes.