As we approach the end of another incredible year, it's time to reflect, celebrate achievements, and set our plans for the future.

You might have received a statement from HMRC in the past few weeks reminding you that your payment on account is due by 31st July. I'm here to shed light on what a payment on account is so you can navigate this aspect of tax compliance. With the July 31 deadline approaching, it's important to understand what payments on account entail and who they apply to.