File tax return reduce payment on account save money
Payment on Account is due for many on 31st July 2022.
Did you know, filing your 21-22 tax return now could reduce your payment on account for July!
By now you will have received your brown envelope from HMRC if you are due to make a payment on account on 31st July.
If you earnt less in the period 6th April 2021 to 5th April 2022 than you did in the previous year now is the time to file your return and look to reduce your payment on account this July.
Not sure – do your return now, filing early doesn’t mean paying early.
You can read more about Payment on Account here.
If you haven’t yet gone digital for self assessment you might want to read this.