Tax return deadline 2019: How much tax should YOU be paying? How to CHECK | Personal Finance | Finance

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The tax return deadline for the previous tax year is January 31, 2019. This is also known as a balancing payment and your first payment on account. The second payment on account will be later in the year on July 31. 

How much tax should you be paying? 

It is very important you pay the tax you owe before the deadline. 

Otherwise, you may have to pay a fine if your payment is late. 

The easiest way to pay is online, as you can no longer pay at the Post Office. 

Different people have different tax codes due to different circumstances. 

To make sure you’re on the right tax code, check your code matches the Personal Allowance you should be getting.

If you started a new job recently and your tax tax code hasn’t been worked out before your first pay cheque, you may be put on a tax code. 

However, this means you may not be given the correct Personal Allowance for you. 

The emergency tax codes for 2018-2019 are:

1185L W1
1185L M1
1185L X

If your tax code is one of these, it will automatically be updated by HMRC. 

However, you still may not get paid the same for a couple of months while your bank account catches up. 

To check how much you should be paying, visit the government’s self assessment website here.


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