When do I pay personal tax?
Some income is taxed at source, for instance salary through the PAYE scheme, other income such as dividends are received net of basic rate tax. Your personal tax return compiles your total income and allowances for a tax year and determines your final tax liability or even a tax repayment. A liability is payable in up to three instalments, 31 January before the tax year end (5 April), the 31 July after the year end and a final balance on the following 31 January. This is sometimes difficult to follow but we can explain this fully.