Our website uses cookies to enhance the visitor experience (what's a cookieCookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.). Are you happy for us to use cookies during your visits?
Please note: continuing without making a choice equates to giving us your consent, which you can withdraw at any time via our cookies policy page.

Laptop
Stay Updated & Subscribe To Our Newsletter

Be the first to know about our regular updates, latest resources and news. To receive our great newsletter all you need to do is enter your details and submit !

 

Sage
Bookkeepping
Training

Learn More Small

Services

Learn More Small

IHT & Estate
Planing

Learn More Small

Tax
Planning

Learn More Small

HMRC alert for the self-employed ahead of January deadline

Newsletter issue – January 2026

It's that time of year again! If you are required to submit a self-assessment tax return online, you must do so by January 31, declaring your income for the tax year ended April 5, 2025. You must also pay all the tax that you owe by that date.

HMRC has reached out to SA taxpayers to remind them that it allows them to spread their liabilities over monthly instalments, if their tax bill doesn't exceed £30,000. You do this by submitting your return first, then set up a payment plan online using HMRC's 'Time to Pay' service.

There have already been 18,000 payment plans set up this tax year, and HMRC says that it provides flexibility for people, allowing them to schedule payments according to their circumstances and avoid the stress of finding money to pay the whole bill at the end of January, when finances may be tight.

 

Charities & Not For Profit

We have been providing charity clients with high quality, specialist advice and service for many years, and our charity clients range from small village halls to large national organisations...

Learn More Small

Farming Industry

The largest industry sector that we deal with is farming, as you would expect in a rural practice. This means that we have developed considerable expertise in this field...

Learn More Small

 

Back to the top