Self Assessment payment deadline looms

Many individual taxpayers in Northern Ireland and the rest of the UK will have recently received a self assessment statement from HMRC.

This statement will usually have a payslip attached to it in respect of the second payment on account for the 2013/14 tax year. This second payment on account will be due for payment by 31 July 2014 to avoid any interest & charges being levied by HMRC.

Taxpayers should always check the statements are correct before making payment.

If you have all of the relevant information available to review and complete your 2013/14 Tax Return then it is possible to reduce the 2nd payment on account providing your 2013/14 tax liability is lower than the previous year.

Wilson Nesbitt Solicitors based in Belfast, Northern Ireland can assist you with any tax compliance issues and help if you have been selected for a tax enquiry. If you need to talk with one of our tax advisors please contact us by calling 0800 840 9288.