How much tax will I need to pay in January?

Article ID: 2324
Last updated: 25 Mar, 2025

The information you provide within the SA302 calculation will determine how much tax is due. This calculation will then apply any tax already deducted and leave you with a balancing payment (if there's any tax outstanding) or a repayment due (if you've overpaid in tax).

If your total tax bill is over £1,000 and less than 80% of your income is taxed at source, you'll need to start making payments on account. This means that you'll pay tax in advance for next year's tax bill. You can read more about this in the KB article When do I make payments on account.

Example

In 2024-25 your total tax bill was £3,000 and less than 80% was taxed at source.

You've already paid £1,800 so your outstanding payments are as follows:

Payment due by 31 January 2026

Description

For

Amount

Calculation

Tax year 2024-2025

Balancing payment

£1,200

£3,000 – £1800

Tax year 2025-2026

First payment on account

£1,500

half of the total tax due 2024-2025

Total

£2,700

Payment due by 31 July 2026

Description

For

Amount

Calculation

Tax year 2025–26

Second payment on account

£1,500

half of the total tax due 2024-25

Payments on account will include Class 4 National Insurance Contributions where applicable, but not student loan repayments or Capital Gains Tax.

Further information

You can read more about payments on account in these KB articles:

Article ID: 2324
Last updated: 25 Mar, 2025
Revision: 23
Views: 2755
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folder Tax Return Production -> SA100 Individual Return