July 31st is little more than a week away, if you are self-employed then you may have to make a tax payment before this date, or risk a late payment fine.
In many ways it is the lesser known tax deadline. While January 31 looms large in the minds of all self-employed workers as the time when you need to get all your tax affairs in order and pay what you owe, the July deadline can be forgotten all too easily.
But remembering it is crucial if you want to avoid a fine and interest accruing on your HMRC debt.
The July 31 deadline is not the same as the January 31 deadline. You don’t have to submit another self-assessment; you just need to make a payment.