06: Payment of tax

There are three tax payment dates for each tax year:

• 31 January during the tax year for the first payment on account.
• 31 July after the end of the tax year for the second payment on account.
• 31 January after the end of the tax year (the fixed filing date) for the balancing payment and any capital gains tax. A balancing repayment will also be made by 31 January, if necessary.

See also Tax calendar.

Each payment on account is half the previous year’s income tax liability on all sources of income, net of any tax deducted at source. If you believe your tax liability for the current year will be less than that of the previous year, you can make a claim to reduce your payments on account, but you have to give reasons.