The next major Self Assessment tax payment deadline is 31 January 2026. For many individuals – especially those with untaxed income or significant earnings outside PAYE – it’s worth planning well in advance.
If your tax bill in January 2026 includes a balancing payment for 2024/25 and the first payment on account for 2025/26, the total amount due can come as a shock. Late payment interest charges apply if you miss the deadline, so now is the time to assess your position and avoid pressure later.
Here’s what you can do now:
- Check your current payments on account: If your 2024/25 income is likely to be lower than the previous year, you may be able to reduce the payments.
- Build cash reserves: Start setting aside funds monthly to avoid a financial squeeze in January.
- Consider a tax funding facility: We offer a simple, confidential funding option that allows eligible clients to spread the cost of their tax bill.
- Talk to us early: We can calculate your projected liability and help you make any adjustments to reduce exposure.
It pays to take control early. If you’d like help planning your January 2026 payment, or want to explore funding options, get in touch with your usual Beavis Morgan adviser or email info@beavismorgan.com.
