Don’t miss 31 July ‘payment on account’ tax deadline

Many self-employed people have a second tax payment deadline. With an 8.25% interest charge on late payments, it’s important to pay your bill on time

Woman doing paperwork
(Image credit: © Getty Images)

Self-assessment taxpayers who need to make their second payment on account for the 2024/25 tax year have less than two weeks to do so or face hefty interest charges and penalties.

Workers who make payments on account must do so by midnight on 31 January and 31 July every year.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.


She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.