O'Reilly logo

The Daily Telegraph Tax Guide 2014 by David Genders

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

15

Paying your tax, interest and penalties

Under the Self-Assessment tax system:

  • there are specified dates each year when you must pay your tax; and
  • you regularly receive a Statement of Account from HMRC detailing both tax recently paid and the next amount due.

Tax payment dates

The tax payment dates for 2014/15 are:

The one exception to the rule requiring direct payment of tax to HMRC relates to employees or pensioners who owe less than £3,000 in tax. They can choose to have the amount collected monthly in the following year through the PAYE system:

  • by filing a paper return at their tax office no later than 31 October following the end of ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required