Self Assessment Tax through PAYE? Always good to start the new week with news of another Government consultation [aka ‘warning’] this time regarding the timing of self-assessment tax payments. Though the maim body of the consultation concerns those with employment income and/or pension through PAYE having tax codes ‘adjusted’ potentially from ’29/30, the Government is also considering more regular in-year payment arrangements for others - including sole traders and…landlords. The transitional period would see tax payers hit by two years tax liability in a single year [great for cashflow] and though proposals do not necessarily increase the tax due, it would bring forward the timing of payment, for some by up to 22 months. There are a range of “how" and "what if's” but experience shows Government rarely gets too concerned with these annoying details. Still, makes the 22% tax levy on cash interest in stocks and shares ISA's seem not so bad now!

Posted by Chris Haley at 2026-06-29 10:34:51 UTC