payment on account

Self-Employed Workers Face Steep Penalties as Crucial Tax Deadline Looms Millions of self-employed individuals face a rapidly approaching tax deadline that could result in significant financial penalties if missed, warns tax insurance…

‘Payments on account’ are advance payments made to HMRC towards your tax bill (including Class 4 National Insurance if you’re self-employed). They are essential but not always fair and often confusing, say tax experts. You…