In this video, we break down everything you need to know about HMRC’s self-assessment tax system, focusing on tax bills and payments on account. If you’re self-employed or have other untaxed income in the UK, understanding how payments on account work is crucial to staying on top of your tax obligations. We’ll cover how to calculate your tax bill, important deadlines, and how to manage your first and second payments on account with HMRC.

Whether you’re new to self-assessment or just looking for a refresher, this guide will help you navigate the process with confidence and avoid any surprises when it comes to your tax payments.

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