We know there are lots of different types of people. Some like to pay their tax bills immediately if they have the cash to make sure there is no chance of forgetting or some like to schedule payments for later, or pay on the due date. Either way, all these options are better than leaving it to the last minute, just in case you forget it
Whatever the case, we think you need to do what works best for you and your peace of mind. Ideally your cash is always best used in your business until your tax is due, but if you worry that you might not have the money to pay your bills at a later date, then pay them when you’re able (before or on the due date)! Late payments to Inland Revenue mean that interest and penalties can be charged. If you don’t think you’ll be able to pay on time then we recommend getting in touch to set up a payment plan. You can do this through your myIR login, or if you need some extra help just contact our friendly Support team.