Personal Tax Payments

Jul 17, 2020 | HMRC, Tax

Remember to pay your second payment on account for personal 2020 tax by 31st July. Personal tax payments are made up of three different payments. One half in January and one half in July of that year and then if there is a balance due following submission of your tax return, this is payable in January of the following year.

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The latest news from PMC Partnership incorporating Pomfreys Accountants – 8th August 2025

Regarding electric vehicles & tax allowances, if used for business, both self employed and Limited company businesses benefit from 100% first year capital allowances to help with their tax liability. This reduces to 18% of the cost price per year for used electric vehicles. Also you can claim 100% of the VAT for electric cars if used solely for business, when usually this is restricted to 50% for non electric cars.

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