Payment of tax due under self assessment

Produced by a Tolley Personal Tax expert

Personal Tax

Guidance

STOP PRESS: At Spring Budget 2024, the Chancellor announced that the remittance basis would be abolished from 6 April 2025, although this only applies to foreign income and gains arising on or after that date. The remittance basis rules still apply to unremitted income and gains arising before that date but remitted later. For more details, see the Abolition of the remittance basis from 2025/26 guidance note.

Normal due date

Individuals are usually required to pay any outstanding income tax and Class 4 national insurance, and capital gains tax due for the tax year by 31 January following the end of the tax year (ie 31 January 2026 for the 2024/25 tax year). From 6 April 2024, the mandatory requirement to pay Class 2 national insurance contributions is removed. See the Class 2 national insurance contributions guidance note.

However, individuals who dispose of residential UK property are required to make a payment of capital gains tax within 60 days of completion. See the Disposals of UK land ― capital gains tax compliance

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